Bitcoin Price Predicted to Hit $28,000 in the Short Term by Crypto Evangelist Max Keiser

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Mon, 05/27/2019 - 14:22
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Cover image via U.Today

As reported by U.Today, Bitcoin reached another yearly high of $8,900 on May 26, thus breaking above several important resistance levels. Max Keiser, a well-known TV personality and Wall Street vet, predicts that the BTC price could soon retest its ATH of $20,000 that was set in stone back in December 2017.

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You won’t spot the crash on the charts  

In his recent tweet, Keiser explains that there is little supply between Bitcoin’s current standing and a brand-new ATH. Hence, he assumes that $28,000 is still a possibility, without specifying when exactly BTC is going to hit that target.

Earlier, Keiser reaffirmed his $100,000 prediction for 2019. He suggested that FOMO was going to jump to the institutional level with Fidelity and other giants getting onboard. Keiser claims that Bitcoin’s massive crash from its ATH to $3,300 in December “will be hardly visible on the charts.”

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Bad Tether, good Tether  

Bitcoin took its biggest hit in recent months due to the Tether-Bitfinex controversy, but it managed to recover relatively quickly. Despite the Tether woes, the O.G. coin kept surging. As Tether and Bitfinex bag small legal victories against the NYSAG, it will likely inject more confidence into the market, thus positively affecting the BTC price.

Notably, Keiser himself downplayed the significance of Tether’s lack of fiat, claiming that the US Federal Reserve is only one percent backed.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with 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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