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Bitcoin Bullish Predictions ! BTC Price Set to hit $80K in Next 2 Months?

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Bitcoin’s latest price spike, which saw the token cross the $48k mark, was welcomed by the cryptocurrency market. Investors have been more optimistic about BTC’s future price action in the previous 48 hours.

After a while of sideways trade, BTC spiked to hit $49,673 just shy of major resistance at $50000. At the time of writing, the token  has retraced and is trading at $49121. 

For the week ahead, BTC is expected to retest resistance at $50000 and surge higher. 

The scenario is likely to play out as the momentum is strong. The price action has stayed above the 21 ema high for more than 2 weeks and the 21 ema high and low also have a steep angle.

Also, after breaching the “extreme greed” region, the “Crypto Fear & Greed Index” is now at 78. Nonetheless, the index is still much below its February high of 95.

Crypto Billianore makes bullish predictions 

Su Zhu, co-founder and CEO of Three Arrows Capital, took to Twitter to disclose his incredibly precise Bitcoin price estimate of $88,888. 

According to the crypto billionaire, the flagship cryptocurrency will be able to reach the aforementioned target in less than two months.

As for the long term predictions, Zhu in a recent interview with Up Only made a bullish case for BTC.

If Bitcoin were to eat into gold’s market share as the most valuable store of wealth, Zhu believes it may reach $2.5 million in the future.

“So then you’re already halfway there to $100 trillion and that will get you to $2.5 million per BTC and I think that that is definitely possible.”

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and 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.

Haripriya Sureban

A writer and a Crypto fanatic exploring the DeFi Space. Staying abreast on all the crypto trends and trivia is my forte. For the rest I nerd out on movies and series.

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