Reporting $ 19,000 Analyst Announces New Bitcoin Forecast and 3 Altcoins That Will Explode!
Popular crypto trader Jack Sparrow accurately reported the rise of Bitcoin to around $ 19,000 in July. Famous analyst Jack Sparrow points out that now is the time to raise profits in BTC. Jack Sparrow believes BTC needs a correction. In addition, the analyst also shares 3 altcoins that he believes will explode.
Jack Sparrow: Bitcoin could fix a correction soon
The famous crypto strategist known in the industry as Jack Sparrow says that BTC manages risk as it approaches its all-time high of $ 20,000. Jack Sparrow adds the following to his comments on the subject:
I HAVE BEEN NAMED AS A DREAMPEREST FOR EXPANDING MY LONG POSITIONS OF 4,000, 5,000, 6,000, 8,000, 10,000, 13,000, 14,000 AND 16,000 USD TO 18,000-19,000 USD. AFTER A RALL OF 400% SINCE MARCH, I HAVE MADE PROFIT NOW IN CASH AND NEAR ATH. I CAN TROUBLE WITH PEOPLE WHO SPEAK DIFFERENT THINGS… I ONLY LOOK AT THE MARKET’S OPPORTUNITY TO REFUSE REALIZED PROFITS. IF THE MARKET IS CÖMERTS, I HAVE THE OPPORTUNITY TO BUY. IF NOT, I WILL BUY LATER AS THE RISK DEFINED LEVEL.
Jack Sparrow: These 3 altcoins have strong potential!
Jack Sparrow says that while waiting for a correction in Bitcoin, he is closely following Ethereum (ETH), yearn.finance (YFI) and Uniswap (UNI) as the top altcoins. Jack Sparrow believes that although BTC has a downward trend in the short term, it may rise to $ 396,666 by 2023 as gold loses its appeal as a store of value.
In addition, the veteran analyst suggests that the largest cryptocurrency will go through two short cycles that peak in 2021 and 2023 before entering a long bear market cycle. Jack Sparrow’s speculative theory is based on cycles of gold and technology adoption. Jack Sparrow adds the following to his comments on the subject:
THE ISSUE IS THAT: TECHNOLOGY BECOMES A RESERVE ASSET, AND THE LEFT GOLD BECOMES A RESERVED ASSET THAT LEFT ITS VALUE. TECHNOLOGY IS A PLACE WHERE MANY DOLLARS ARE STORED AND WEALTH ACCUMULATED / PRESERVED. BITCOIN IS A TECHNOLOGY EXTENSION WITH MORE FEATURES THAN GOLD.
Jack Sparrow: I think this cycle will compete with the previous one
Supporting his view of shorter cycles, the analyst looks at a logarithmic chart to show how “faster and steeper” the current rally is than previous bull markets. Jack Sparrow adds the following to his comments on the subject:
ON A LOGARITHMIC SCALE, PRICE IS CURRENTLY HIGHER THAN THE 2013-2017 CYCLE. IT MAY BE TOO EARLY TO SAY THAT, BUT I THINK THIS CYCLE WILL COMPETE WITH THE PREVIOUS.