(Kitco News) – Kevin Wadsworth, co-founder of Northstar & Badcharts, predicts that the current crypto bull cycle will peak sometime around September to late October, once the technicals confirm a top.
Speaking to David Lin, anchor for Kitco News, Wadsworth said that short-term, Bitcoin can see a floor of $40,000 before climbing to its highs in the fall.
“I think the crypto bull market probably will conclude before the end of the year. All the crypto charts I’ve been drawing and looking at vary a little bit in timing between the third week of September and some of them perhaps into mid-October or even late October, so there’s this sort of four-week window there between late September and late October where I’d be looking for the crypto bull market to reach its peak,” he said.
For Wadsworth’s Bitcoin price target and his projections for the altcoins, watch the video above. Follow David Lin on Twitter: @davidlin_TV.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.