Bitcoin (BTC) To Surge To $14,000 In The Short Term Soon
There are a lot of Bitcoin-related predictions these days, and they seem pretty optimistic.
BTC to head towards $14k
For instance, trader and analyst Tone Vays said that if BTC can break past $11,050, there’s little preventing that the most important crypto in the space takes a larger share of the overall crypto market and surges to $14k in the short term.
“If this breaks to the upside, there is absolutely nothing on a weekly chart that is acting as resistance. And then it’s very likely that Bitcoin will accelerate to the upside into the halving,” Vays said.
He continued and explained, “There could also be an additional catalyst to Bitcoin. If Bitcoin starts to rise once again faster than the shitcoins, which it probably will, there will be additional exodus of shitcoins into Bitcoin.”
According to the online publication the Daily Hodl, Vays also issued a word of caution saying that he believes Bitcoin’s big rise in 2019 will suffer an 80% correction.
“I still believe that this is an unreasonable exponential rise in the price of Bitcoin, and Bitcoin is going to correct. It is going to correct on par of an 80% correction. Can that correction begin from $40,000? It could.”
Bitcoin could hit $18k by September
There are even more bullish predictions on the price of BTC these days.
Fundstrat’s head of research Tom Lee who is highlighting a new call from an analyst who is known in the industry as The Boot.
It seems that this analyst told his 19,000 followers on Twitter that Bitcoin is set for a massive surge to $14,000 in August and $18,000 in September.
Wow. Def bold and from someone who has made great calls… https://t.co/DW7frDA3sq
— Thomas Lee (@fundstrat) July 18, 2019
According to The Boot, Bitcoin’s four-digit days will not last for too much longer.
“We might never see four digits in this bull market. And unless Bitcoin breaks the macro trend, the bottom of the next bear market should be above $10k.”
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.