Bitcoin (BTC) Poised To Reach $28,000 In The Short Term
Yesterday, Bitcoin (BTC) surprised everyone when it started rallying again towards $9,000. At the moment of writing the article, BTC is trading in the green on CoinMarketCap, and it’s priced at $8,737.37.
A lot of crypto experts are expecting BTC to hit the $10k level soon.
BTC to restest $20,000
BTC managed to overcome a few essential resistance levels.
UToday reports that Max Keiser, who is a popular TV personality and a Wall Street vet, has predicted that the BTC price could soon retest its ATH of $20,000 that has been set in stone back in December 2017.
In his tweet, Keiser reportedly explained that there is little supply between BTC’s current standing and a new ATH.
On the other hand, he is assuming that $28k is a possibility, but he doesn’t say when BTC will hit this target.
A $100,000 prediction for BTC for 2019
Other than this, Keiser has reaffirmed his $100k prediction for 2019.
He said a while ago that FOMO would unleash into the institutional investment sector with Fidelity and more giants onboard.
Keiser claims that BTC’s crash to $3,300 will be “hardly visible on the charts.”
There’s very little supply between here and new ATH.
$28,000 still in play. #Bitcoin
— Max Keiser, tweet poet. (@maxkeiser) May 26, 2019
The pullback from $20k to $3.3k will hardly be visible on the charts in a few years. Basically, a non-event. #Bitcoin
— Max Keiser, tweet poet. (@maxkeiser) May 27, 2019
Fidelity is mining BTC
Anyway, speaking of Fidelity, it was just reported that they are mining Bitcoin. Some knew this for a while, but others did not, and it hit them as a total surprise.
Justin Moon said that Fidelity Investments which you already know it’s one of the largest asset managers and financial institutions has a “room full of Bitcoin miners (ASICs) at their [Texas] office.”
NewsBTC noted that this is the first time when a Wall Street institution, especially a massive name like this, has actually mined BTC and actively took part in public, renowned blockchains.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.