In May, Bitcoin volatility will continue, and in June there will be an increase to $ 15,000

A well-known crypto trader on Twitter, Bitcoin Jack, who accurately named the bottom after the MarchA sale caused by a coronavirus, wrote that it expects volatility by the end of the month. At the same time, in June, Bitcoin (BTC) will begin to accelerate in its growth.

Here are the key figures for May:

• This week, resistance is at $10,500 – $11,000.
• The sell-off on the strong support line lies in the $9,000 range — 9,500.

$ BTC 3 month outlook

My thesis remains bullish

Thoughts:

>high volatility in both directions in May
>decent end of May in to June rally
>support end of July in to August

Thread contains rough expectations and requirementshttps: //t.co/hzBp2Ho9yg pic.twitter.com/DJ9x2N6YCH

- // Bitcoin? Ack? (@BTC_JackSparrow) May 11, 2020

According to cryptanalyst, next month BTCwill begin to grow to $ 15,000. The rally will be stimulated by FOMO and media attention. After this rally there will be a short correction, which will set the stage for a huge bullish spurt up to $ 20,000.

«I expect support ($9,000-11,000) to form by August. If my previous thesis is correct, then by December/January we should move to a new all-time high.

March 13 this year as a result of large-scalethe market leading cryptocurrency dropped to $ 3,850. At that moment, Bitcoin Jack confidently said that Bitcoin has bottomed out. His analysis turned out to be correct, since now BTC is trading at $ 8890, or 125% more than the local bottom.

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