Bitcoin Rally To $280k Is On Track, More Indicators Show
The crypto market looks green today with Bitcoin and the altcoins going upwards.
At the moment of writing this article, the king coin is priced at $9,648.38.
There have been various predictions about the price of BTC following the halving and most of them are bullish.
Bitcoin will see an exponential price rise
The company behind the world’s leading digital asset IRA technology platform released new data indicating that Bitcoin will be seeing an exponential price surge after the third halving.
Bitcoin IRA anticipates that BTC’s decreased supply and increased demand after the halving that took place on May 11 halving slashed Bitcoin block rewards from 12.5 BTC to 6.25 BTC, will trigger the price of BTC to increase dramatically.
Bitcoin IRA chief operating officer Chris Kline stated that the company’s record transaction volume in April and May shows that the demand for Bitcoin inside IRA and 401(k) accounts is increasing.
Bitcoin could rise to $280k
“As more investors look for retirement alternatives to the traditional stock market and awareness of cryptocurrency continues to build, a promising trend will continue for Bitcoin.”
In order to learn the complete info on the subject head over to the official notes.
According to the reports revealed by the online publication the Daily Hodl, Bitcoin IRA expects the value of BTC to explode to six figures.
“With the third halving just happening in early May 2020, Bitcoin’s price could soon rise to exceed $280,000.”
A couple of days ago, after being able to surpass the important level of $10k, Bitcoin then dropped in a few minutes below $9,600.
BiTmex scam pic.twitter.com/g9cDc2inQS
— BetoCrypto (@BetoCrypto) June 2, 2020
Before crashing, Anthony Pompliano was giving trading advice to crypto fans.
Important message as we enter the next Bitcoin bull market:
– BTC is very volatile
– You can lose all of your money
– Only invest what is ok to lose
– Twitter is not investment advice
– Don’t buy BTC with credit cards
– Keep low time preference
– Do your own research
— Pomp 🌪 (@APompliano) June 1, 2020
Enthusiasts expect to see BTC surpassing $10k once more.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.