According to the latest reports, it seems that Bitcoin’s price is about to explode during this summer. Check out the latest impressive predictions about the most important digital asset below.
At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $28,951.
Bitcoin new price prediciton is out
Accoridng to the latest reports, it seems that the macroeconomist Henrik Zeberg says that Bitcoin (BTC) should skyrocket into the summer as fears of a recession ultimately subside.
The economist reis recently that risk assets will soar into the summer with the king crypto leading the way.
According to Zeberg, a “blow-off top” is developing for stocks and crypto, mostly driven by a fall in fixed-income yields.
“Blow-off top developing. Key driver of [the] market rally will be the coming strong decline in yields. Economy in Goldilocks zone. Risk assets will soar into summer.”
As the online publication the Daily Hodl notes, Zeberg has been addressing data from crypto insights firm Swiss Block.
“The firm says that BTC is in the midst of forming a cup and handle pattern, a bullish technical pattern that suggests an incoming impulse to the upside.”
Other BTC price prediciotns
Crypto analyst Jason Pizzino is urging caution on Bitcoin (BTC). This is happening amid an uptick in the price of the flagship crypto asset.
Pizzino recently said that Bitcoin is unlikely to hit new highs after rallying by about 5% from its April low.
“I don’t think we’re out of the Woods here, I don’t think we are about to go up into new highs because we haven’t broken past this level at $28,500 and the 50% [Fibonacci retracement level] level.”
The crypto analyst believes the fact that Bitcoin still needs to get back above those levels for the short-term strength to come into the market so it can attempt to break $30,000 and $31,000 again.
