Simon Peters announces new forecast for Bitcoin (BTC)
Bitcoin (BTC), which has been harshly criticized by almost all mainstream media platforms due to its decline in 2018, rose again and saw $13,000 in many crypto currency exchanges last night.
Many cryptocurrency analysts said the critical level for Bitcoin was $11,700, and exceeding this could easily guarantee $ 20,000, according to experts.
Bitcoin (BTC) broke the critical $ 11,700 level.
The leading cryptocurrency, Bitcoin (BTC), continued its upward trend, especially in April and May, after a few weeks of pause, breaking first $ 10,000 and then $ 11,000 last night, a critical level of $ 11,700.
Previously, the BTC exceeded $ 10,000, which led many analysts to comment on the issue. The well-known analyst Josh Rager, who has repeatedly been justified by price forecasts before $ 10,000, stressed that 11.700 was critical in his previous statements, and then claimed that the price would go up to $ 13,500.
In addition, Naeem Aslam said in an interview yesterday that if Bitcoin exceeds $ 20,000, it will reach $ 50,000 and then between $ 60,000 and $ 100,000. BTC’s surpassing the $ 20,000 level will certainly lead to an unprecedented FOMO.
Anthony “Pomp” Pompliano, one of Morgan Creek’s successful names, has also taken his place among the recent list bullish names, saying that the leading crypto currency will increase to $ 100,000.
In 2018, Pompliano said Bitcoin would fall to $ 3,000 before it started to rise again. Thanks to this accurate prediction, Pompliano’s popularity in the crypto currency sector has increased.
The fact that Bitcoin reached $ 13,000 led other analysts to propose $ 20,000. Simon Peters, the senior analyst at the finance platform eToro, said on June 26 that the crypto currency would go up to $ 20,000 in the next two weeks, adding that $ 50,000, then $ 100,000, was possible.
This Rise of Bitcoin is Different!
According to Peters’ analysis, it took only 7 to 14 days to increase Bitcoin from $ 11,800 to $ 20,000 last year. At the same time, the analyst noted that the ambitious prediction will only be realized if the current parabolic momentum continues.
Peter thinks that the current rally is actually different from the past and that it doesn’t cause a significant increase in Google search data. The fact that Google data does not increase as much as the price reveals that buyers are institutions rather than individuals, which may be much more positive for the crypto currency industry in the long run.
Pompliano states that Bitcoin will see $ 100,000 by the end of 2021
According to the analyst, the demand side of the economy is largely institutional adoption, ETF approvals, retail product approvals, increased global instability, lack of performance in traditional markets, and state-run manipulation.
On the supply side, there are half the Bitcoin block prizes in 2020. According to Pompliano, the confidence rate will increase by 70-75%.