Bitcoin Price Prediction: BTC Could Reach $400,000 – Analyst Explains Why This Is A Viable Outcome
Another day, another bullish Bitcoin price prediction. This year there seem to be more Bitcoin price predictions than ever.
According to more expert voices, the crypto space has finally managed to leave behind the long bear winter, and we can now expect good things to come.
After a bearish 2018 which market a year of crypto maturation, 2019 is expected to be a more bullish year and also the year which marks the crypto mass adoption.
And frankly, things seem to be headed the right way in order to achieve this important goal.
BTC to hit $400k
The chief market analyst at ThinkMarkets UK has just revealed that he also sees an end to crypto’s long winter.
Another important voice in the crypto space, Tron’s Justin Sun said not too long ago that in his opinion, Bitcoin has already hit a bottom and he believes that we are already out of the crypto winter.
Anyway, back to the chief market analyst at ThinkMarkets UK, Naeem Aslam.
He believes that the fact that BTC managed to end its longest-ever monthly losing streak shows that the bear market is about to end, as reported by The Daily Hodl.
He says that an eventual surge of BTC to $400,000 is a really viable scenario.
“…there is a high chance that the next bull run has a minimum potential of pushing the price five times higher. That is over $100K. I personally believe that each Bitcoin can go up as much as $400K, and if history repeats itself, this number is not a fool’s paradise,” he said.
He concluded by saying “This is a simple math calculation: approximate percentage projection of the price which we experienced during the last bull run.”
This is far from being the only bullish prediction involving BTC’s price.
Just recently, Anthony Pompliano, the founder of the crypto investment company Morgan Creek Digital, and he just said that there’s a massive wave of institutional investors heading towards the crypto space.
He believes that after the wave hits, we will witness a Bitcoin and crypto bull run, unlike anything we have ever seen so far.
Founder of TRON (TRX)
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.