There have been all kinds of predictions about the price of Bitcoin these days. Some traders freaked out when BTC went through some rough corrections recently, and weak hands obviously sold.
Other investors were happy to buy the dip, on the other hand.
At the moment of writing this article, BTC is trading in the green, and the king coin managed to hit $50k again. BTC is priced at $50,954.24.
The online publication the Daily Hodl notes that a widely-followed trader and crypto analyst believes Bitcoin will ascend to a new high of $100,000 – more than that, he believes that this will happen sooner than most investors think.
Bitcoin could hit $100k in April
Kaleo said on Twitter that the correction across the crypto markets is likely over.
Sale ends today.
Buy more now.
— K A L E O (@CryptoKaleo) February 28, 2021
“Sale ends today. Buy more now…Good morning and happy Monday. Bitcoin higher. Alts higher. Stonks higher. Bears trembling.”
He also said that BTC is poised to begin a fresh rally that will catapult the king coin to gains of over 100% in the coming months.
“Bitcoin/BTC Send it to $100,000.”
As the online publication mentioned above notes, based on Kaleo’s chart, the leading cryptocurrency could hit $100,000 in April.
Bitcoin March prediciton is out
It’s been revealed that trader and crypto strategist Michaël van de Poppe mapped out the key levels to watch for Bitcoin this month.
In a new video, Van de Poppe said that BTC may have hit a local low and is poised to ignite a bounce above $50,000.
“Now we get into the critical part. After this rejection (around $48,000), what you want to see is acceleration towards this level here ($38,000). However, this recent low at $44,000 got tested again, and we bounced up, which means that we’re probably going to get buy pressure from this entire green zone here. So we might be getting into a temporary low phase in which we construct such a pattern,” he said.