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Bitcoin Price Predicted to Go to $16,000 "Soon-ish" by Binance CEO Changpeng Zhao

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  • Alex Dovbnya
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    Changpeng Zhao believes that it is easy to make Bitcoin price predictions, adding that the price could soon hit $16,000

Bitcoin Price Predicted to Go to $16,000 "Soon-ish" by Binance CEO Changpeng Zhao
Cover image via www.youtube.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Making Bitcoin price predictions is an arduous task given how unpredicted this fledgling market is. However, according to charismatic Binance boss Changpeng Zhao, it's "easy" to foresee the coin's price. 

In the tweet, which addresses the dead Asuka prophecy, CZ claims that investors might see the $16,000 mark sooner than they think. 

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Bitcoin Price Predicted to Move Up in $10,000 Region by Prominent Crypto Trader

 

$16,000 is still on the table

As reported by U.Today, Bitcoin's price moves in 2019 were correctly predicted by an anonymous 4chan user on a 4chan imageboard. The prediction turned out to be so spot-on that it was even acknowledged by US whistleblower Edward Snowden.

However, whoever made this prescient post failed miserably with the $16,000 target in October given that Bitcoin recorded a monthly close below the $10,000 level. 

That being said, there is still a chance that the prediction will hold but with different slightly different timing, which is what CZ believes.   

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Bitcoin Price Could Drop to $2,000 or Even to $200, According to Peter Schiff

China turnaround

In the second part of his tweet, CZ refers to China embracing crypto. As reported by U.Today, Bitcoin's recent price recovery was accompanied by President Xi Jinping's pro-Blockchain comments.   

The Binance exchange, which is currently based in Malta, is expected to open a new office in Beijing, which comes right after the Blockchain push.     

However, there are some critics of the so-called 'China narrative.' China fretting over cryptocurrency speculations is a surefire sign that is unlike to fall back in love with Bitcoin. The top cryptocurrency got banned in the communist state right on the verge of the historic bull run at the end of 2017.

Will Bitcoin hit 20,000 this year? Share your take in the comments!   

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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VeChain (VET) Price Likely to Rise to $0.0085 ‘If We Hold’, Crypto Analyst Says

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  • Yuri Molchan
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    Recently, the VET price saw a 20 percent surge on the news from China about a major utility case for this blockchain, now an analyst says the coin may keep rising

VeChain (VET) Price Likely to Rise to $0.0085 ‘If We Hold’, Crypto Analyst Says
Cover image via 123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Currently, VeChain is one of the most promising altcoins on the market, as many believe. It has a large and loyal community that is eager for the price to skyrocket.

A crypto analyst @CryptoMichNL calls VET one of the strongest coins and says it has a chance to spike in price referring to a chart.

‘If we hold, another move to 103-105 is likely’

The trading expert @CryptoMichNL points out to a retracement of the VET price on the chart. However, still calls VET one of the strongest coins.

Seems like, the second area of interest – 61-63 Satoshis ($0.0051) has already been passed.

VET price CMC
Image via CoinMarketCap

As per the analyst, the next price move is likely to happen to the 103-105 Satoshis area ($0.0085) ‘if we hold’.

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The recent VET price surge

About a week ago, CoinMarketCap recorded a 21-percent price surge on VeChain’s VET. Presumably, this was due to the recent big news that had come from China.

VeChain reported that it had partnered with ASI Group and DNV GL in order to start utilizing its DLT platform in the industry of food and beverage trade. The companies are planning to release a new logistics blockchain-based system dubbed Foodgates.

The media has called this the first blockchain-powered project in logistics made on a massive scale.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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