Josh Rager warns: Bitcoin’s next all-time high may not be as high as many think

While the crypto community is waiting for Bitcoin’s next all-time high, Blockroots CEO Josh Rager warns: Investors could be disappointed if they wait for BTC to hit $ 100,000 or more at the next all-time high.

Next all-time high may be lower than expected

Bitcoin has been a hot topic since its massive bull run in 2017: the bull run led the coin to its all-time high (ATH) at $ 20,000. As everyone now knows, BTC then experienced a massive decline and finally hit a low of $ 3,200 in the past three years.

After a bearish 2018, there were first signs of a recovery the following year, pushing the Bitcoin price up to nearly $ 14,000 by June 22, 2019.

After that, the coin fell again and almost halved its price. In early 2020, however, there was a further increase – and that brought back investors’ hope that BTC will finally surpass all previous milestones this year, rising to $ 100,000 or more.

While that’s a widely held opinion, Blackroots CEO and celebrity analyst Josh Rager doesn’t agree with her. Rager currently has his Bitcoin expectations on Twitter released and admitted that this could be an “unpopular opinion”. However, he believes his prediction is more realistic.

In his latest tweet, he explains that Bitcoin’s next price spike is unlikely to be as high as people expect. Despite the fact that many analysts predict prices between $ 100,000 and $ 300,000, or even think of $ 1 million per bitcoin as possible.

Rager, however claims: The simple rate of return shows that the rate of return decreases by 20% per cycle from bottom to top. With this in mind, he expects Bitcoin’s next all-time high to “only” be between $ 75K and $ 80K.

He also warns investors waiting for $ 100,000 or $ 1 million on Bitcoin before taking profits. According to Rager, they shouldn’t let “greed get the best out of them” this time.

According to Rager, once Bitcoin is back in the media and leaves crypto-Twitter, it probably means that it has peaked and it is only going downhill from there.

And this can happen at any time, regardless of the price, according to the renowned analyst – at $ 50,000, 75,000 or $ 100,000.

Does the halving trigger a bull run?

2020 is expected to be a big year for crypto and especially for Bitcoin. In just a few months, BTC will see block rewards halved, which will affect supply and demand in a way that makes a significant price increase very likely.

This will be Bitcoin’s third halving – and if it ends like the previous one, it has an excellent chance of triggering another bull run.

As some may recall, the first cut in half brought the BTC price from $ 12.31 to $ 994. When the second cut came in, the price of Bitcoin rose from $ 650 to almost $ 20,000. Of course, this did not happen overnight, it took months for the coin to reach its current ATH.

It is also worth mentioning, however, that cryptocurrencies were still largely unknown at the time. Countries around the world are currently working on crypto regulation, with some of them even developing their own cryptocurrencies.

Now all we have to do is wait for the cut in half and see who is right about the future BTC price: Rager or those analysts who predict a Bitcoin price between $ 100,000 and $ 1 million.

–