Bitcoin price is something that many analysts had tried to predict but failed. Nevertheless, some of them still please a crypto community with predictions of 5- or even 6-digit numbers. Naeem Aslam, the Chief market analyst in Think Markets, feel assured that BTC price will fly up to as much as $400,000.
In the blog post, Aslam expressed his opinion considering the current rate of the first cryptocurrency. From his point of view, investors, especially long-term ones, should not worry about the $4000 mark. During the next bull run, the price will definitely rise up five times. First, it will reach the previous all high-time, which is $20,000 and then head for its low-end target of $100,000. A high-end target of $400,000 will also be possible as the price will surge in 20 times, as it was in 2017 when the price ran from $1000 to $20,000.
Naeem Aslam also stated that such high prices are not a joke:
“This number is not a fool’s paradise. $400,000 is a simple math calculation: approximate percentage projection of the price which we experienced during the last bull run.”
At the beginning of December 2018, he told that Bitcoin had been very close to finding its bottom. Moreover, he thought that panic around the price of the first cryptocurrency only proves it.
Tom Lee made his prediction about the Bitcoin price about a week ago. He said that Bitcoin would enter the bullish market and repair itself in 2019. More information about his prediction is here:
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