Will Bitcoin return to $8,000 and usher in a super bull market in the next 18 months?

After a round of sharp rise, Bitcoin fell and never reached $8,000 again. Now, according to Bitpush data, Bitcoin, the cryptocurrency with the highest market value , has broken through $8,000 again after two small increases in the past 24 hours. Analysts believe that there is still high resistance above, while Erik Finman, the world's youngest Bitcoin millionaire and known as the "Bitcoin prodigy", believes that Bitcoin will continue to rise and 2019 will be the new 2017.
The value of Bitcoin has now recovered significantly to over $8,100, a 24-hour gain of over 3%. Analysts believe that with the current upward momentum, Bitcoin will be ready to retry breaking through the $8,250 resistance level. If a pullback occurs, this will ensure that the support level can be above $8,000. If the $8,250 resistance level is broken, the bulls will then challenge the $8,500 and $9,000 resistance levels.
The total market capitalization of the entire cryptocurrency market has now climbed to approximately $260 billion, and if major cryptocurrencies such as Bitcoin continue to perform well, they may re-challenge $275 billion.
According to zycrypto.com, Erik Finman, known as the "Bitcoin Prodigy", recently predicted that cryptocurrencies will see a big rise this year, saying that 2019 will be the new 2017. In the bull market of 2017, Bitcoin reached an all-time high of $20,000. Previously, cryptocurrency analyst Thomas Lee predicted that once the price of Bitcoin breaks through $10,000, it will reach $40,000 in a few months.
Anthony Pompliano, co-founder of crypto investment company Morgan Creek Digital, said in an interview with Bloxlive that the next 18 months will be very important for Bitcoin because some events that have a huge impact on the global economy will help enhance the role of Bitcoin in the global financial system, including trade frictions and central bank interest rate cuts.
Moreover, Morgan Creek Digital founder Anthony Pompliano recently said that the next 18 months will be crucial for Bitcoin. Pompliano said that in the next 12 to 18 months, Bitcoin will experience a perfect storm. Central banks will be forced to cut interest rates and may adopt quantitative easing policies, which will eventually push Bitcoin into a "super bull market." (Kanchai.com)