One of the most popular cryptocurrency traders Johnny Mo wrote on his Twitter page that the Bitcoin exchange rate could drop to $6000 in the near future, followed by a bull rally.
The trader cites last year’s chart, which shows a rapid decline in rate after November 15, and then it went up and rose to $14,000. Johnny Mo also compared this to the parabolic growth in the second half of 2017.
*takes a deep hit of the hopium*
— Jonny Moe (@JonnyMoeTrades) December 11, 2019
Important to note is that Mo’s prediction is slightly similar to the recent forecast of expert Peter Brandt, who said that the first cryptocurrency rate will approach the value of 100 thousand US dollars per coin until 2021.