- Peter Brandt’s sign of imminent bull run for Bitcoin (BTC) price
- John McAfee and Tim Draper’s sentiment about BTC price
Bitcoin is leading a comeback force. On Thursday the digital asset rose above $5,500 after a long wait by the crypto enthusiasts who think the price should have touched $6,000.
Those who thought the Tether issue would be a clog in the wheel of Bitcoin’s progress were surprised again seeing the digital asset stay very close to $6,000. As we write now, the Bitcoin (BTC) price is above $5,800, keeping the crypto space entirely hopeful that Bitcoin now has the potential to climb to $20,000.
As Bitcoin maintains its present condition, cryptocurrency veteran who foretold the 2018 Bitcoin price drop is seeing something good in bitcoin price’s present profile.
Peter Brandt, a trader of classical charting principles since 1980 and author of number one Amazon trading book Diary of a Professional Commodity Trade, has said the same sign that was noticed when Bitcoin moved from $340 to $19,800 is showing up again.
Peter averred that this sign first gathered in November 2015, said it is now showing up again. This means that Bitcoin is in another bull run.
He said: “The last time Factor’s benchmark weekly MA was in the current profile of turning from down to up was in Nov 2015 just as $BTC began its move from $340 to $19,800.”
— Peter Brandt (@PeterLBrandt) May 2, 2019
Peter Brandt, whom Today’s Gazette quoted as saying there is 50% possibility Bitcoin goes to $50k pointed that the same parabolic movement made by Bitcoin in October 2015, is happening again. However, Peter did not state how soon the price of Bitcoin will reach the said $19,800. He also did not point if Bitcoin will go beyond $19,800. Like Peter, CNBC analyst Ran NeuNer believes we are in a bull run again.
John McAfee, Tim Draper and Tom Lee Bullish Predictions for Bitcoin (BTC)
There are outrightly optimistic enthusiasts in the cryptocurrency ecosystem that have been foreseeing bullish price of Bitcoin (BTC).
However, John McAfee, the British-American software guru and Tim Draper, the founder of Draper University, have significant price predictions for Bitcoin (BTC), the forecast that looks impossible due to the time interval given to their predictions.
John McAfee predicted that Bitcoin (BTC) will be $1 million against US dollar by the end of 2020, and he has persistently stood by his claim.
Nobody knows his reasons for predicting such an outrageous price for BTC in such a time frame, but virtually everyone in the crypto space knows that John McAfee is a capital investor in the cryptocurrency, especially Bitcoin (BTC), and has been bullish on the digital asset may be due to its promising future.
Tim Draper’s Bitcoin (BTC) price prediction sees the digital asset soaring to about $250,000 by 2022. Although, it isn’t so outrageous compared to McAfee’s sentiment if we put the price and time interval to consideration, but some pessimists in the crypto sphere still term it impossible.
In Tom Lee’s side of view, he sees Bitcoin (BTC) attaining a hallmark in terms of market price by the end of 2020.