During the weekend, Bitcoin was trading above $ 10,000 before falling a bit below. The sudden fall, which saw the digital currency go as low as $ 9,700 created a lot of panic in the crypto space, making investors tremble that Bitcoin could go lower.
However, while the correction earlier generated negative sentiments, popular analyst plan B tried reigniting the hope of crypto observers, putting it straight that BTC cannot go below $ 8,200 this year. Answering the prayer of the chartist, Bitcoin yesterday spiked, staying right above $10,200.
Plan B foresees Bitcoin staying above $ 10,000 after Bitcoin halving in May, and the digital currency going to $ 100,000 before December 2021.
He affirmed that Bitcoin will maintain a stay above $ 8,200 and will not drop to $ 6,000 or $ 4,000 as observed by some analysts.
He said: “Update: my 2 sats on Bitcoin price: – 2020: btc stays above $8200 (so we are NOT dropping to $6k or $4k levels that others are predicting now) – May 2020 halving: will be above $10k – 2021: bull run starts after the halving and tops $100k before Dec 2021.”
*** Update: my 2 sats on #bitcoin price:
– 2020: btc stays above $8200 (so we are NOT dropping to $6k or $4k levels that others are predicting now)
– May 2020 halving: will be above $10k
– 2021: bull run starts after the halving and tops $100k before Dec 2021#NotFinancialAdvice https://t.co/Zkkma4ZBSd
— PlanB (@100trillionUSD) February 10, 2020
Fundstrat’s Tom Lee: Bitcoin Going to $ 40,000
Fundstrat’s Tom Lee has predicted that Bitcoin could go as high as $ 40,000, saying the last bull back below $10,000 destabilizes the cryptocurrency market.
In an interview with the CNBC’s ‘Power Lunch,’ the financial advisor said Bitcoin could get to $ 40,000 in 2020.
Lee said Bitcoin could touch 40,000 this year, beating Dow to an all-time high. He said he thought Bitcoin’s all-time high price could be caused by a major outbreak like the Coronavirus that has taken many lives in China.
On his Twitter page, Lee also said Dow will reach $ 30,000 while Bitcoin will also reach $ 40,000.
Dow to $30k. #bitcoin to $40k
— Thomas Lee (@fundstrat) February 10, 2020