Bill Baruch of Blue Lines Futures sees the crypto sector as continuing to rise in the long term, with the "Ultimate upside" for Bitcoin being between $11,500 and $11,800, according to a CNBC video posted yesterday, April 23.
CNBC notes that Baruch "Has been right before." In February of this year, when BTC's price dropped to below $7000, Baruch had predicted that Bitcoin would "Recover from this low." BTC is now trading at around $9,280, up over 2 percent over a 24 hour period to press time.
Baruch added yesterday that the "Sector still has much more upside in the long run," and a breakout above $11,800 for BTC is "Extremely bullish." He also highlights how many altcoins have "Doubled in value" since February.
Cointelegraph recently reported about the plethora of market predictions in the volatile crypto sphere, explaining why some experts think BTC is heading to $100, while others believe it's going towards $100,000.
Market Strategist Sees BTC Soon Hitting Between $11,500 And $11,800
Udgivet den Apr 24, 2018
by Cointele | Udgivet den Coinage
Coinage
Nævnt i denne artikel
Seneste nyheder
Se alt
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.