At present, Bitcoin price trading at $10,700 is likely to change its momentum. The first cryptocurrency to experience a strong growth on the weekend and break $11,000 level for the first time.
According to coinmarketcap data :
Bitcoin Price $10,774.84 USD
Market Cap $191,544,677,159 USD
24 Hour Volume $20,414,190,125 USD
Bitcoin ROI 7,863.67%
Bitcoin Price Prediction by Josh Rager
Josh Rager – Bitcoin Price is likely to hit $60k+ this coming uptrend
One of the well-known crypto trader Josh Rager is making a bold statement by calling for a rapid rise in BTC prices. This prediction might sound interesting when it hits the ears of bitcoin enthusiasts, who have faced an unstable journey last year.
In his recent tweets, Rager claimed that, once the BTC price breaks the $11,700 resistance, it will find minor resistance and reach new highs that we have never seen before.
Previously, he said that every bitcoin bull cycle has been longer than the preceding one.
Also, Rager roughly calculates that we are just 25% in the current bull cycle until the price of bitcoin hits its next peak. He also points out that the Bitcoin price still has a lot of room for growth. Moreover, he also believes that there will be resistance at $11,700 as the price of bitcoin tends to rally for 5weeks before hitting the breaks.
More money is flowing into BTC as hedge funds and institutional investors are piling into the cryptocurrency, creating new demand that’s sending prices higher. This is why it won’t be surprising to see Rager’s price estimate of $60,000 actually coming true.
On the other hand, another crypto enthusiasts, recently tweeted that BTC price might reach $62,000 based on past trends and technicals, pointing out that the cryptocurrency can hit those levels by the end of October.
What’s your BTC price prediction for 2019? will bitcoin price cross $60k by the end of 2019? Share your thoughts on our facebook and twitter page