Bitcoin Bullish Prediction: BTC Will Hit $24,000 In Six Months
The crypto market looks pretty mixed today with Bitcoin trading in the green but the altcoins mostly looking pretty bloody red.
At the moment of writing this article, Bitcoin is trading in the green and the king coin is priced at $10,995.
The crypt community was extremely excited when Bitcoin was able to eventually hit the important FOMO-triggering level of $10k a few days ago, and then also smash through $11k.
There are all kinds of bullish predictions that are currently flooding the crypto space these days about the price of the king coin.
Bitcoin to hit $24k in just six months
Full-time futures trader Adam Mancini just made one of these bullish predictions are said that BTC will print a new all-time high of $24,000 in only six months.
He said on Twitter that BTC would end its three-year-long consolidation and follow gold’s lead.
Bitcoin $BTCUSD is setting up for a move – likely to follow in $GOLD‘s footsteps. We’re coiling into a multi-year triangle, and these don’t resolve with small moves. Given the trend entering this pattern was up, this should resolve the same way with 15k then 24k targets pic.twitter.com/9rRFm75PPp
— Adam Mancini (@AdamMancini4) July 26, 2020
The online publication the Daily Hodl also notes that Glassnode suggests that BTC’s latest trip above five figures may be different.
Check out the tweet they shared below:
— glassnode (@glassnode) July 26, 2020
Gemini’s Cameron Winklevoss also has something important to say about the price of BTC:
The next #Bitcoin bull run will be dramatically different. Today, there’s exponentially more capital, human capital, infrastructure, and high-quality projects than in 2017. Not to mention the very real specter of inflation that all fiat regimes face going forward. Buckle up!
— Cameron Winklevoss (@winklevoss) July 29, 2020
Stay tuned for more predictions about the king coin.
Brother, business partner, and rowing teammate of Tyler Winklevoss, Cameron also co-founded Winklevoss Capital Management and Gemini, where he is currently the President. The Winklevoss twins and Gemini made their first acquisition this year, taking over Nifty Gateway, a platform for non-fungible cryptocurrencies.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
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.