The world has been positively shocked by Bitcoin’s recent spikes: one day ago, it touched the $4,500 mark. Today, it has crossed the $5,000 border. What’s next? Let’s read Bitcoin price predictions from Twitter.
Now that Bitcoin is going up the stairs, let’s remember one infamous prediction:
Bitcoin only has to go up $995,000 in the next 640 days or McAfee eats his dick pic.twitter.com/sTPxUtRYOM
— Hipster (@Hipster_Trader) April 3, 2019
And now that the market is under the bullish wave again, it's easy to believe that BTC will reach the new highest high (in December 2017, it was close to $20,000).
Here’s what McAfee thinks himself:
Everyone trashed me two weeks ago when I said: "The market has now turned", so I've kept my mouth shut. I will now say it again: "The market has now turned". The bow of thr bear market was pulled to its max. Now watch the arrow spring to life. pic.twitter.com/X22ybS4B8g
— John McAfee (@officialmcafee) April 2, 2019
So, what’s next?
There are new price targets ahead:
#bitcoin broke through 4500 & 4700 USD resistance and is bow aiming at 5500 USD. Well done everyone who survived the #crypto ❄️ and is still around ?? pic.twitter.com/B8OAsqIBGh
— Octoracle (@octoracleai) April 3, 2019
Most traders provide very positive, bullish predictions:
1/1 I'm very bullish on alts in the coming weeks.
— UB (@CryptoUB) April 3, 2019
Here’s why:
First, there’s a few charts down below that highlight June Lows across $ADA, $LTC, and $EOS.
This was the first time Bitcoin bounced off of $5.7k after reaching the ATH. pic.twitter.com/9Rk1DCP3Uo
Apparently, $6,000 is our next price target:
Point & Figure count show target 6643 for Bitcoin. #btcusd pic.twitter.com/BnshKiVmMx
— TusenPix (@PNFtarget) April 3, 2019
In the longer term, numbers might seem even more enticing:
Bitcoin logarithmic chart. If history repeats, that would start the bull run in approx. August 2019. #crypto pic.twitter.com/dhsUA4cxUu
— Count of Monte Crypto (@CountManyCrypto) April 2, 2019
Some users, however, claim that BTC has its limit, which might affect its value on the market:
Even though Bitcoin has a theoretical maximum TPS, the real-world value is closer to 7. This means a top of ~600k per day. At the end of 2017, the Bitcoin network started to congest badly at just over 400k per day, with huge delays/fees. Today, Bitcoin is at ~377k. Kaboom... pic.twitter.com/fV2AwFL0Gt
— galgitron (no price predictions) (@galgitron) April 3, 2019
By the way, if you’re interested in whether BTC will reach $50,000 this year, read this post:
Will Bitcoin Reach $50,000 Because Of The 'Great Wealth Transfer'? https://t.co/H3rYOvTpGB by @CharlesLBovaird pic.twitter.com/gTrvZJEXvb
— Forbes Crypto (@ForbesCrypto) April 2, 2019
Traders have all eyes on Bitcoin’s price. It finally seems to be making the impossible happen, and the crypto winter is over. Most likely, BTC will crawl to $6,000, but after that, we could see a minor nosedive. Will McAfee’s prediction come true? It doesn’t seem to be likely now, but at least we have a chance to witness BTC reaching its previous highest high of $20K this year.
Vladislav Sopov