BAT/USDC: Consolidation then move up, price target $1.00+ by Aug

May 13, 2019

As predicted, BAT has been consolidating against the USDC (Coinbase) for the last few days. The blue chip rally will likely continue into this week, but there is a sense that traders are likely taking profits on BTC and rotating into ALTs. BAT will likely be the beneficiary of the rotation as investors continue to buy up the coin with expectations of a return of at least 2x-3x in the next few months. Price is slowly trending toward $1.00 which could be realized by August. End of the year is anyone's guess, but if the rally continues it's conceivable BAT would end the year in the $2.00-$3.75 range strictly on a technical viewpoint.