Bitcoin is closely looking at $12000, may touch $12K anytime soon
Bitcoiners expect a $13000 target before a major breakout to reach $15000 this week.
Crypto Investors are dumping altcoins for BTC
3 Bitcoin Predictions – $12K, $13K and $24K
The largest digital asset managed to cross the $12000 mark in the early hours of Monday but slipped quietly. However, it will not take more time to enter $12000 yet again, as, at the press time, one Bitcoin is trading at $11978.
Many predictions pour in for the digital asset, that says Bitcoin would reach $13000 today, $15000 by this week, and $24000 very soon. However, the present bull run replicates the 2017 bull run. A famous crypto analyst Lark Davis has said that the 2020-21 bull run would be more insane than the previous 2017-18.
The breakout in the mid-July gave Bitcoin a boost which made it possible for the digital asset to maintain above $11500. Continuing the present trend, BTC could possibly reach $15000 by this week as per some analysts.
Bitcoin Hitting $13K is Trending
The reports of Bitcoin touching $13000 has outspread in the crypto space. However, some crypto enthusiasts feel when the CME ( Chicago Mercantile Exchange) gap is filled, the digital asset could move well ahead of $12500.
However, the majority of the masses anticipate that the $13000 mark would be reached by next week, and if it attains in the present week, it would rather be a fake bull run which is expected to bounce back below $11500.
The latest market trend suggests the Bitcoin whale all set capture the market with many traders again tending back to BTC. As per some reports, the traders going through a FOMO, are dumping altcoins suffering losses of 8-10 percent.
As per crypto influencer Lark Davis, currently, Bitcoin has moved up with a change of 2 percent and the investors are dumping altcoins.
Also know – Binance Altcoin Trading Volume Hits New ATH
Regardless of the losses, the traders are attracted to the bullish trend of BTC and also the huge prediction for the digital assets underway. Therefore, the FOMO factor is playing a major role.
BTC is likely moving towards a major bull run and hence, the same 2017 trend is speculated. If the same trend continues, BTC could possibly reach or even manage to cross the previous all-time high.