Despite the fact that Bitcoin is again trading below $6,000 after several major fluctuations since the recent drop, the Galaxy Digital CEO Mike Novogratz has stated that 2020 is going to be the year of Bitcoin.
Meanwhile, crypto influencer Mia Tan dropped an indirect prediction that in two years Bitcoin may surge to 15 times more than its current price.
15x growth in two years?
Mia Tan has taken to Twitter to address those who are waiting for BTC to drop to $4,000 to stock up on it. The crypto influencer writes that since many are going to sell BTC in two years at a price 15 times higher, the difference between $4,000 and the current rate is relatively small for buying BTC.
BTC heading down to $5,400
Netherlands-based analyst Michael van de Poppe tweeted that Bitcoin still looks weak. A test of $6,300 is possible before the decline continues, as per him.
The analyst expects the flagship crypto to continue dropping towards $5,400. However, he warns, traders should keep in mind the chance of a further decrease towards $4,800-$4,200.
‘A surge back above $6,000 possible’
Trader ‘C2M’ believes that BTC may still break through the $6,000 level. He also tweeted that a bullish sign would be if Bitcoin reclaimed the swing low it reached on November 25 of last year – when the price was hanging in the $7,000 area.
BTC hash rate surges drastically
On March 22, user ‘glassnode alerts’ tweeted that the Mean Hash Rate of Bitcoin had risen substantially. The hash rate was up over 18 percent compared to the previous value.
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