Bitcoin Bullish Predictions ! BTC Price Set to hit $80K in Next 2 Months? – Coinpedia – Fintech & Cryptocurreny News Media

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Bitcoin Bullish Predictions ! BTC Price Set to hit $80K in Next 2 Months? – Coinpedia – Fintech & Cryptocurreny News Media

Bitcoin’s newest worth spike, which noticed the token go the $48k mark, was once welcomed by way of the cryptocurrency marketplace. Buyers were extra constructive about BTC’s long run worth motion within the earlier 48 hours.

After some time of sideways business, BTC spiked to hit $49,673 simply shy of primary resistance at $50000. On the time of writing, the token  has retraced and is buying and selling at $49121. 

For the week forward, BTC is predicted to retest resistance at $50000 and surge upper. 

The state of affairs is prone to play out because the momentum is powerful. The fee motion has stayed above the 21 ema top for greater than 2 weeks and the 21 ema low and high actually have a steep attitude.

Additionally, after breaching the “excessive greed” area, the “Crypto Concern & Greed Index” is now at 78. However, the index continues to be a lot beneath its February top of 95.

Crypto Billianore makes bullish predictions 

Su Zhu, co-founder and CEO of 3 Arrows Capital, took to Twitter to reveal his extremely exact Bitcoin worth estimate of $88,888. 

In step with the crypto billionaire, the flagship cryptocurrency will be capable of achieve the aforementioned goal in lower than two months.

As for the longer term predictions, Zhu in a up to date interview with Up Handiest made a bullish case for BTC.

If Bitcoin had been to devour into gold’s marketplace proportion as essentially the most precious retailer of wealth, Zhu believes it should achieve $2.5 million at some point.

“SO THEN YOU DEFINATELY’RE ALREADY MIDWAY THERE TO $100 TRILLION AND THAT CAN GET YOU TO $2.5 MILLION CONSISTENT WITH BTC AND I BELIEVE THAT THIS IS NO DOUBT IMAGINABLE.”