Bitcoin (BTC) To Hit $17,000 By The End Of August
Bitcoin (BTC) made crypto enthusiasts more than excited when it surged these days and managed to surpass $11k again.
This is one more reason for which the optimistic BTC-related predictions continue.
At the moment of writing this article, Bitcoin is trading in the green on CMC and the most important coin in the crypto market is priced at $11,845.08.
Bitcoin (BTC) to hit $17k by the end of August
Smartereum notes that an important analyst, BTC could be hitting $17k by the end of this month.
Joe McCann shows a chart on BTC’s price, which shows that the most important coin in the crypto market can hit $17k by the end of August 2019.
“According to McCann, the most recent crossover of this kind returned a 52% and 61% rise from its former price. This time, Bitcoin could be heading to a 60% rally that by calculation places price at $17,000,” Smartereum reports.
The online publication writes that “The MACD crossover is not coming as a surprise despite the sideways movement of Bitcoin in the last week. While some analysts still show pessimism about the price which they expect to pull back to $8,000, today’s chart may be suggesting something else.”
Bitcoin to cross $15k this week
Max Keiser, host of The Keiser Report just said that he believes BTC will surpass $15k this week.
Keiser said that he believes there’s a lack of confidence in centralized institutions and fiat currencies will be pushing BTC much higher.
Negative sovereign debt = default.
A global sovereign debt default is underway. This is *much* bigger than 2008 GFC.
— Max Keiser, tweet poet. (@maxkeiser) August 3, 2019
Keiser says he’s now certain that BTC will hit $100,000 in the long run in light of recent reports that negative-yielding debt has ballooned to $14 trillion for the first time.
“Negative sovereign debt = default. A global sovereign debt default is underway. This is *much* bigger than the 2008 global financial crisis. Money printing about to go hyperbolic. Bitcoin [at] $100,000 is now a dead certainty as is Gold [at] $10,000.”
Stay tuned for more crypto predictions.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.