Bitcoin has been fairing perfectly well in the cryptocurrency market in the last 24 hours. BTC keeps clearing doubts in the hearts of the unbelieving Thomases in the crypto sphere as it constantly advances in price.
A veteran crypto analyst recently aired his view by predicting a notable price hallmark for Bitcoin, positing that the bear market of 2018 will no longer come to mind.
The king of all cryptos underwent a surprising parabolic movement in price on 26th May 2018, which took it farther above $8,000 mark, closing the gap to break $9,000 resistance.
Everyone in the crypto space was caught unaware, as the price upsurge occurred in a quick succession. There was equal expectation among cryptocurrency enthusiasts that Bitcoin’s longer stay around $8,000 will either end in distinct price rise or plummet.
Bitcoin’s recent price upsurge has been a thing of joy for all cryptocurrency investors. Most of the fans and investors of other digital currencies want to see BTC soaring, since its growth has always been a means for other cryptocurrencies to excel.
At press time, Bitcoin (BTC) is trading at $8,719 with relatively -0.08% decrease in the last 24 hours. BTC is now governing the whole cryptocurrency market by 57.2 percent.
This development is boosting the belief of many crypto analysts, bidding goodbye to bear market, with the belief that the bull has come to last longer.
Max Keiser Predicts All Time High for Bitcoin (BTC)
Max Keiser, the Co-founder at HeisenbergCap, is a crypto expert that is well-known with his $100,000 Bitcoin price prediction. He has come as usual, predicting undisputable hallmark price for BTC.
According to Keiser, Bitcoin needs little supply to attain its All Time High, which would take place very soon, reiterating that BTC is still on course of breaking $28,000 resistance.
He said “There’s very little supply between here and new ATH. $28,000 still in play.”
Keiser proceeded by saying that the event of bear market of 2018 cannot come to play ever again. He said the price of Bitcoin from $20,000 to $3,300 will end up being unnoticed in few years’ time.
“The pullback from $20k to $3.3k will hardly be visible on the charts in a few years. Basically, a non-event.”
Some analysts like Ran NeuNer still believe that Bitcoin will still retest $7,500 before advancing as far as breaking all time price surge of $50,000. Some others believe that until BTC surges beyond its All Time High, there is great possibility of it dropping far below $3,200.
However, the Bitcoin investors that have already accumulated the coin in numbers are relaxing and rejoicing because they see BTC breaking all resistances to grow against all odds.