- History may put Bitcoin at $17,500 tomorrow – Alex Kruger
- Kraken CEO says BTC at $1 Million May Be Realistic
- CoinShares Chairman believes Facebook’s Coin not behind Bitcoin rally, but……
In the last few weeks, Bitcoin has been awesome in the market, moving from one resistance to another on the upside trend of the table. But the last three days has been more than being great for the crypto asset. For three consecutive days, Bitcoin has been on a speedy groove.
Bitcoin was less than $10,000 on Saturday, and now its market price is above $13,200 – over 32% rise in just four days. Bitcoin maintains a dominance of 62.5% at the moment as altcoins in the market are yet to trigger enough force to imitate the market leading coin.
Reputable analysts and market experts, even after predicting the possible peak value of Bitcoin in this cycle, are trying to keep us updated on what could be obtained at a particular time.
While a number of analysts remain firm on Bitcoin possibly crossing $100K in this cycle, a cryptocurrency trader/economist, Alex Kruger, asserted that Bitcoin would continue to maintain its bullish rally till tomorrow if not further, and a price of $7,500 could be obtained.
Kruger averred that as long as Bitcoin is able to recall the historical trend of Dec/6/2017 and Dec/7/2017 today and tomorrow, BTC price by in 24 hours time would be around $17,500.
“If history were to repeat itself, and bitcoin relive Dec/6/2017 and Dec/7/2017 between today and tomorrow, $BTC would trade at $17,500 by tomorrow. Just an observation, past performance not indicative of future results”, Kruger said.
Kraken CEO, Jesse Powell Say BTC at $1 Million May Be Realistic
The CEO of Kraken exchange, Jesse Powell has joined the likes of crypto pundit John McAfee in believing that $1 million BTC price may be achievable by Bitcoin in this present rally.
The founder of Verge Center for the Arts, who claims to be a Bitcoin enthusiast, said his thought about price correction for Bitcoin is seeing BTC at $100k, or maybe $1m.
“When I hear people talking about a bitcoin “correction” I’m thinking $100k, maybe $1m. That’s what’s correct”.
Not Facebook’s Coin, Dollar Weakness behind Bitcoin’s Rally – Coinshares Chairman
Danny Master, the chairman of the renowned digital asset manager CoinShares has weighed in on the assertion that the launch of Facebook’s Coin, Libra is behind Bitcoin’s recent outstanding rally in the market, which seems to have geared up the crypto space.
Danny Master in a statement displayed his disbelief in the claim. The chairman of the asset manager firm who also believes that Bitcoin has begun another bull run stated that the weakness of the US dollar is behind the present rally in the market.
1/ No, it's not @facebook's "crypto" experiment. My trading instincts say it's dollar weakness.
— Danny Masters (@dannylmasters) June 25, 2019