Bitcoin Looks Extremely Similar To The Start Of The $20K Rally
One crypto trader recently noted that Bitcoin’s three-week RSI and 9 exponential moving average looks similar now to what it looked like at the start of the previous bull run.
Should Bitcoin follow the path it took last time the 9 exponential moving average and RSI looked as they did on the three-week chart, an exponential rally is in the works.
![](http://futureneteam.biz/wp-content/uploads/2020/09/Chart-1024x501.jpg)
Wall Street Bulls Also Think Bitcoin Will Go Exponential
Top Wall Street investors think an exponential rally is poised to begin, corroborating the aforementioned analysis.
Dan Tapiero, co-founder of DTAP Capital and Gold Bullion, recently stated that the cryptocurrency is poised to go exponential:
“Tremendous long term Log Chart of #Bitcoin projects up 5-10x on this run. Just breaking up NOW. Should last a few years as 2.5yr consolidation is fantastic base for catapult up. Break of old highs will have explosive follow through. Time to sit and be patient.”
![](http://futureneteam.biz/wp-content/uploads/2020/09/Chart-2.jpg)
His contemporary, Raoul Pal, formerly of Goldman Sachs, wrote in his own analyses that the cryptocurrency could reach over $100,000 this bull cycle.
Source: bitcoinist.com