Bitcoin has been held in the stagnant positions of $3,000 and $4000 since November, last year. The cryptocurrency had dropped from it’s All-Time High of $20,000 in 2017 and has been struggling to make a comeback. However, Famous crypto Youtube analyst and trader, Tony Vays states that Bitcoin will likely be going as high as $6,000 soon.
Bitcoin had managed to break pass its $4,000 hold on Monday. However, Tony Vays is confident that if the digital currency can get as high as $4200, then the cryptocurrency would likely experience some positive gains and get to $6,000 in the coming months.
Vays made his prediction saying, ‘I do think we can break out on the price and go as high as $5000, possibly even as high as $6000, but I still think we will see lower lows sub $3000 prices sometime this year.’ Vays is certain that Bitcoin will rally and announced that he would likely sell some bitcoins if the price does raise to $5000 or $6000.
However, despite his high hopes he doubts that bitcoin would break beyond the bearish surface of a $10,000 mark. Vays is not the only one with predictions of a bullish rise for bitcoin as more bullish price forecast have been made by major crypto investors who are optimistic about the digital currency.
Bitcoin Price Prediction: John McAfee, Tim Draper
From John McAfee, Tim Draper to Mike Novogratz and even some other top analysts, positive price forecast have been made based on the visible market trends. It would seem that these predictions would hold water as after spending several months below the $4,000 mark, Bitcoin resurfaced.
While others are giving positive price forecasts, some other crypto enthusiasts are giving forecasts about Bitcoin as a Store of Value (SoV). Brendan Blumer, the co-founder of blockchain firm Block.One announced on Twitter that bitcoin will replace gold by 2040. He tweeted, ‘Over the next two decades, #bitcoin will replace gold as the leading commodity to store value.’
While we eagerly anticipate such a future where Bitcoin will be a SoV, we hope these predictions come to pass and Bitcoin experiences a bullish trend again.
What do you think about Tony Vays predictions? Share your thoughts with me in the comment section below.