2018’s bear market, which we are still experiencing today, has taken its toll on the majority of crypto investors. Many people have already capitulated, selling their crypto holdings and leaving the scene. However, not all hope is lost, and there are still plenty of us believers still here.
One such believer in Bitcoin’s long-term value is the prominent crypto trader and top author on TradingView, MagicPoopCannon. The top trader recently stated that he sees Bitcoin (BTC) going to at least $100,000 within 4 years, and surpassing $1,000,000 in the long term.
Bitcoin (BTC) Price Poll
Shortly after MagicPoopCannon shared his positive outlook on Bitcoin, he took to Twitter with a poll, asking his 20,000 plus followers what they think Bitcoin’s long-term value will be.
The results are in! 42% of the 3,000 voters think BTC will reach into the $100,000 to Millions range, and 72% think BTC will surpass $20,000. Very nice. 😁 https://t.co/85JxiXcYj9
— MAGIC (@MagicPoopCannon) February 27, 2019
According to the poll results, the vast majority of his followers agree that Bitcoin has a bright future and will eventually see unprecedented prices. The poll received nearly 3,000 votes, 42% stating that Bitcoin’s price will reach $100,000 to $1M+ long term.
30% of voters weren’t quite as bullish, as they see Bitcoin reaching the previous all-time high of $20,000 and potentially going up to $100,000. As for the remaining voters, 13% see Bitcoin remaining in the price range of $3,000 to $20,000, with 15% of voters having essentially lost all faith, seeing Bitcoin’s long-term price below $3,000 and worthless at $0.
For my long term view, I see Bitcoin going to at least $100,000 within four years. I think it could even reach $150,000 in that time. Eventually, I believe it could surpass $1,000,000. Where do you see BTC going in the long term?
— MAGIC (@MagicPoopCannon) February 26, 2019
MagicPoopCannon – Highly Reputable Trader and Technical Analyst
While nobody knows where Bitcoin’s price will eventually end up, we can look at what top crypto analysts think will happen and take their ideas and analyses into consideration.
For instance, MagicPoopCannon’s technical analysis has proven to be quite accurate over the past couple of years, and the prominent trader has generated a considerable following, with over 50,000 followers on TradingView and over 10 million views across his trading ideas.
The popular trader earned a name for himself after making a multitude of correct calls for the short, medium, and long-term views of Bitcoin’s price. One of the best examples of a great call of his was Bitcoin’s break of the critical $6,000 support.
MagicPoopCannon called for a break below $6,000 back in May 2018, while the actual break took place in mid-November 2018 – a full 6 months prior to the drastic price breakdown.
Nine months ago, in the attached analysis, I showed you how BTC would fall to $3,000. Now, I believe the market has bottomed at just above $3,000 last December. Time will tell. Here is a look at my forward view, when most others were overly bullish…https://t.co/o9OsNk34aE
— MAGIC (@MagicPoopCannon) February 27, 2019
Now, the prominent crypto trader is claiming that Bitcoin already reached its bottom on December 14, 2018, at the price of $3,150. He states that Bitcoin is in a period of accumulation that could last months before the next bull run is in full force.
What do you think Bitcoin’s long-term price range will be? Also, do you think Bitcoin has already found its bottom? Let us know what you think in the comments section below.
