Bitcoin crossing $10 for the first time this year marked a really important moment for the crypto space.
This is a psychological level that triggers FOMO and will lead to more surge for the price of this digital asset.
Today, Bitcoin is trading in the red, and the most important digital asset in the market is priced at $9,970.07 at the moment of writing this article. This is a normal correction following the rally that took place the other day.
The bear market is over
Crypto trader and strategist Joe Saz explains that the bear market is really over, according to the latest info provided by the online publication the Daily Hodl.
“I’ve been talking about Bitcoin having been in a disbelief run or phase of the bull market, and I think that’s still happening right now,” he said.
During a new interview with BlockTV, Saz talks about how high he thinks BTC can go in this current bull run.
“My intense bullish projection is around $300,000 Bitcoin until this market bubble bursts. So I think we’re going to have another bubble, probably in two to three years from now,” he said.
Saz continued and explained that “I think Bitcoin is going to break six figures by far, and $300,000 is my estimation, probably more like the mid $300Ks. But I think this is the bull run that takes us to those beautiful numbers.”
https://twitter.com/BLOCKTVnews/status/1225433823485333504
We recommend that you check out the video in order to find out what more he had to say on BTC’s future.
After BTC was able to surpass the $10k limit, analysts are waiting to see new highs in 2020 for the price of the coin.
There are various reasons for which BTC could be racing these days, and they include the upcoming halving process schedules for May, retailers’ interest in BTC, the worldwide coronavirus crisis, and more.