NewsPrice Analysis

John McAfee Predicts ‘10x’ Altcoin Growth as BTC Price Breaks $12k

From the past few days, all eyes have been turned to Bitcoin, whose market dominance has steadily increased to 60%. Bitcoin is gaining Bullish momentum as the BTC price breaks above $12,000. At the time of writing, BTC/USD is trading at $12,530 with growing trading volumes.

According to coinmarket cap : 

Bitcoin Price            $12,582.01 USD

Bitcoin ROI            > 9000%

Market Cap               $223,721,879,652 USD

24 Hour Volume      $30,563,131,722 USD

Circulating Supply   17,781,087 BTC

Technical analysis 

According to 7-day chart, Bitcoin (BTC) has been growing strongly for a week in succession. This is the longest period of uninterrupted growth since December 2017. At present, BTC/USD is trying to break a new barrier at $12,500. Once it crosses this level, the next bullish target of $13,000 will quickly come into view.

According to Technical Indicators 

  • The Relative Strength indicator has turned bullish on the one-hour time frame which is near to 80 levels. Indicating over brought condition.
  • The MACD indicator has turned bullish on the one-hour time frame and continues to issue a buy signal.
  • The Parabolic SAR markers were below the candles and showcased a bullish market.

  • The Bollinger Band is showing divergent volatility in the market.
  • The Awesome Oscillator showed a bullish buying opportunity or short-term momentum in the market.

John McAfee Prediction On Altcoins 

Meanwhile, popular faces of the cryptocurrency community, are trying to keep altcoin season alive. One of the well-known Crypto influencer John McAfee believes the real money will be made during altcoin season.

What’s your Predictions for altcoins? Which altcoin is likely to gain more growth in the altcoin pool? Share your thoughts on our Facebook and Twitter page

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Qadir AK

Qadir Ak - Co-founder of Coinpedia Blog - His interest as crypto Author, Editor, Speaker at cryptocurrency conference has made him known as passionate blogger and startup in Asia.

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