Story by: HIMADRI SAHA
$16,000 BITCOIN PRICE PREDICTION MISSED
Calls of bitcoin price reaching $5300 in April and $9200 in July earned this anonymous 4chan user the title of “Bitcoin wizard” on Reddit.
However, the wizard may have gone a bit too overboard when out of a sustained hopium rush, he/she predicted BTC to keep flying in price all the way till November this year. An estimation of $16,000 bitcoin price by October didn’t materialize. The benchmark crypto did manage to hit $10k towards the end of the month though, post which Binance CEO CZ, called for BTC to hit the same price target, albeit “soonish”.
PlusToken dumping made matters worse as bitcoin could not hold the ~$10k stance and soon tumbled to the low $6k level. Since then, BTC has been trading around the $7000 mark.
NEXT UP – $29,000 BY FEBRUARY
So what if bitcoin didn’t fulfill the Wizard’s October prophecy. There’s still time this year and according to the bold claims made on 4chan, February 2020 should see BTC hit $29,000. In July, BTC should hover around $56,000, culminating at $87,000 in November.
Along with the aforementioned predictions it can be seen that estimation is made at bitcoin’s supposed market valuation to be $1.5 trillion with BTC’s dominance being 40 – 46 percent in the ner future.
CAN IT HAPPEN?
$BTC One-Year Chart over the Past Decade Based on the BLX chart, Bitcoin will likely end the year between a 90% to 95% gain for the year of 2019 Not a bad year, especially compared to 2018 One heck of decade for Bitcoin with a gain of over 72 million % since 2010
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