Despite the massive volatility in the crypto market, there are still bullish prediciotns out. Check out the latest reports below.
New Bitcoin price forecast
Accor5rding to the latest reports, there is a popular analyst and trader who accurately predicted Bitcoin (BTC) would collapse by up to 50% when it was trading at over $40,000 in March and he is now warning of new crypto market lows.
Pseudonymous crypto analyst Capo said not too long ago that once the brief crypto bounce has ended, a major capitulation could occur.
“When this bounce is over, make sure you protect your capital, because the dump could be epic. The big bearish hammer pattern is waiting.”
Regarding Bitcoin, Capo says that two scenarios could play out – both of which would see Bitcoin fall by nearly 30% from current levels. Bitcoin is trading at $19,437 at time of writing.
“BTC – The only chart you need
-Quick scam pump to $20,000 – $20,500 and nuke afterwards.
-Clean break of the $18,400 – $18,700 support and straight dump to the main target.”
He also continued and said this:
“Both possibilities lead to the same target of $14,000 – $16,000.”
Other BTC bold price predictions
In a new interview with Altcoin Daily, Robert Breedlove, CEO and founder of crypto investment firm Parallax Digital, said that the king coin could reach a price tag of $12.5 million nine years into the future.
According to Breedlove, the deterioration of the US dollar (USD) will be the key factor in BTC’s price explosion.
“I have a public prediction that the US dollar is basically hyperinflated to zero, or close to it, by the year 2035…”
Here’s what more he had to say about the price of BTC:
“I have a matching Bitcoin price prediction of $12.5 million US per Bitcoin by the year 2031.”
Stay tuned for more news and make sure to keep an eye on the crypto market.