Bitcoin Price to Touch $20,000 Soon, Says CEO of Brazil’s Largest Crypto Exchange
Bitcoin price, which should go down as the most controversial topic in the history of this decade, is now in the news again.
After reaching a weekend high of $8,575.99, bitcoin has retreated and a single bitcoin BTCUSD, -0.91% was last worth $8,402.63, down 1.8% since Sunday’s levels at 5 p.m. Eastern Time on the Kraken exchange. However this doesn’t affect the spirits of the Bitcoin bulls, who are always one step ahead with their bitcoin price predictions.
Latest to make a bullish prediction on the bitcoin price is Rodrigo Marques, chief executive of Atlas Quantum, one of Brazil’s largest crypto trading platforms. Marques said in an email to MarketWatch that the move under $8,000 was an interim low for bitcoin, adding that he expects bitcoin to reach $20,000 in six months, something that was only previously achieved in December 2017, which was the highest price of the Bitcoin recorded.
This would mean that by November, we could expect to see Bitcoin reach new heights. If this happens, we can be sure that the rest of the markets would follow suit.
Previously, Wall Street Tycoon and Bitcoin Bull, Tom Lee, who had predicted that the bitcoin price would reach up to $25,000 by the end of 2018, also saying that the Bitcoin Price (BTC) would move higher after the Consensus Summit, wheres there was no real progress as Bitcoin price trades in the range of $8,300 after briefly touching $8,800 level at the beginning of the last week.
(Source: Market Watch)
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