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.”

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.

In a recent tweet, a Bitcoin developer and industry insider has revealed that one of the biggest names on Wall Street, Fidelity, is still mining BTC.

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.


Companies Mentioned

CoinMarketCap
CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

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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.

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