2020 has so far been a great year for Bitcoin (BTC), with the cryptocurrency climbing significantly from its year-to-date lows of $6,800 that were set just prior to the massive upswing incurred by the aggregated crypto market.<\/p>\n
Bitcoin\u2019s bullish price action throughout the early weeks of 2020 seem to confirm one prominent \u2013 and eerily accurate \u2013 analyst\u2019s belief that the cryptocurrency could set fresh and sustainable all-time-highs in the coming couple of years.<\/p>\n
Importantly, the same analyst also believes that a few key factors are lining up for BTC, which all suggest that its ongoing rally is far from being over.<\/p>\n
At the time of writing, Bitcoin<\/a> is trading up nominally at its current price<\/a> of $8,150, which marks a slight climb from its daily lows of just under $8,000, and a slight decline from its highs of $8,300 that were set when bulls attempted to spark another rally last night.<\/p>\n The rejection at $8,300 led many analysts to grow bearish on the cryptocurrency, but its ability to sustain its position within the $8,000 region signals that its bulls are incredibly strong at the present moment.<\/p>\n Dave The Wave \u2013 a popular cryptocurrency analyst on Twitter who accurately called nearly all of Bitcoin\u2019s major price movements in 2019 \u2013 is now explaining that he believes 2020 is shaping up to be a great year for Bitcoin, offering his followers a chart that shows BTC is on track to find itself caught within a major uptrend in the coming months.<\/p>\n pic.twitter.com\/zh7PlnwTKi<\/a><\/p>\n — dave the wave\ud83c\udf0a\ud83c\udf13 (@davthewave) January 12, 2020<\/a><\/p><\/blockquote>\n\n