Aside the Wednesday sharp pump and dump, bitcoin price action has not made any interesting move in recent weeks. The number one crypto has made about 30% pullback since the end of October. This slow downtrend coupled with some weak bounces have been frustrating both the bulls and bears.

This has not been the case for bitcoin alone. Though there are few small-market-cap cryptos that have seen some pumps, most of the major altcoins have been disappointing.

Nonetheless, a popular trader by name Bitcoin Macro opines that 2020 will be a mind blowing year for crypto. He claims 2019 was, and is still the year that people could accumulate more coins. He sees this period as the time when only the smart people could take advantage of. Macro said investors will be making life changing profits once the market recovers in 2020.

Macro is not the only trader who believes 2020 will be a better year for bitcoin. A certain analyst by name, Elliottician Benjamin Blunts also have bullish sentiment for the coin in 2020. Though he expects bitcoin to bottom around the $6,000 levels next year, a bullish move to $8,000 first, seems logical to him.

The vice-president of LearnCrypto.io, Nick Hellman, told CCN news that he is expecting bitcoin to set a new all-time high next year. However, he believes the coin will plunge to $6,000 first before setting this record.

It is an undeniable fact that bitcoin dictates where the whole crypto market should go. There is a strong positive correlation between the large cap altcoins and bitcoin. This implies that, if Macro’s predictions are right, 2020 would be a historic year for the crypto market in general.

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