Bitcoin Bulls On Fire: Analyst Predicts 150% Price Pump Before July!

• Bitcoin Bulls are aiming to seize control of the market.
• Analyst George Tung predicts a 150% price pump before July, similar to what was seen in 2019.
• Market conditions suggest that Bitcoin may reach $25,000 with some roadblocks along the way.

Bitcoin Bulls On Fire

The last few weeks have seen an increasing number of Bitcoin bulls aiming to gain control of the market; however, a major price pump has yet to be seen. Analyst George Tung has forecasted that the price of Bitcoin will skyrocket by 150% in the next three to four months, taking it to a total of $50,000 – similar to what was seen in 2019 when Bitcoin’s price went from $3,600 to $14,000 in only a few short months.

Bullish Dominance

The fact that Bitcoin was able to recover after hitting the $22,800 support level suggests that bulls are buying declines at this level, and if successful could take it up over $25,000. Its relative strength index (RSI) is currently in the overbought zone and further increases may trigger stops for some short-term traders resulting in its decline down to $21,480.

Predicted Price Pump

George Tung believes that 2023 is showing tendencies similar to those seen in 2019 and he is confident that there will be a large increase before July as there was back then. The current market conditions suggest that bitcoin may reach this milestone with some roadblocks along the way.

Risks Involved

It is likely that the price of bitcoin will face several challenging obstacles on its way up and any break and closure below its 20-day exponential moving average of $22,279 would signal weakness in the market which could cause it to fall back down again.


As cryptocurrencies continue their rise within mainstream markets speculation continues around potential prices for popular tokens such as Bitcoin; however caution should be taken as risks remain high even with experts predicting large pumps before July this year.