Different crypto experts are this time predicting the future of Bitcoin (BTC) price with many of them projecting that Bitcoin (BTC) could surge an surprisingly high amount once it maintains its status above $4,200.
While Bitcoin is maintaining a position higher than $4,000, crypto experts and Chief Market Analyst Naeem Aslam, in his Think Markets UK article, inferred that the over 15-month cryptocurrency winter period seems to be going to an end, and so, a new Bitcoin (BTC) bull run is expected to happen in a surprising move.
Aslam, who pointed to what he called “strongest signal” that Bitcoin is ready for a bull run, said the bitcoin price has crossed its 200-week moving average, a much expected technical indicator for a bull run.
He said, if Bitcoin bids the 50-week average goodbye, it will climb higher than expected.
“Now, if the price kisses the 50-week moving average goodbye and moves above it at that stage, all bets would be in favour of the bulls….When the price breaks above the 50-week moving average, it sends the strongest bull signal and so far it has worked really well. But this is something that we would have to wait and see. It may take a couple of months for this to happen.”
Will the Price of Bitcoin Go as high As $400,000?
Based on Aslam’s prediction, Bitcoin price could climb as high as $400,000, a price upsurge that is somewhat over 10,000 percent of its present price.
“There is a high chance that the next bull run has a minimum potential of pushing the price 5 times higher. That is over $100K. I personally believe that each Bitcoin can go up as much as $400K and if history repeats itself, this number is not a fool’s paradise.”
