×
×
Cryptocurrencies:  7,545Markets:  31,643Market Cap:  $390,904,741,99124h Vol:  $91,497,198,718BTC Dominance:  62.4%
Market Cap:  $390,904,741,99124h Vol:  $91,497,198,718BTC Dominance:  62.4%Cryptocurrencies:  7,545Markets:  31,643

Analyst Who Predicted V-Shaped Reversal Thinks Bitcoin Will Hit $12k

Analyst Who Predicted V-Shaped Reversal Thinks Bitcoin Will Hit $12k

Share

Analyst Who Predicted V-Shaped Reversal Thinks Bitcoin Will Hit $12k

NewsBTC1 week ago
Published on October 17, 2020 11:34 GMT+0edited on October 17, 2020 11:37 GMT+0

Share

Bitcoin has faced a slight reversal since the highs of $11,750 set a number of days ago. The coin currently trades for $11,350 as of this article’s writing, 3.4% below the highs.

Analysts remain optimistic despite the price reversal. One historically accurate analyst that has called a number of pivotal movements in the Bitcoin price said that the cryptocurrency is primed to hit $12,000 as we enter the second half of October. The cryptocurrency could continue even higher to new year-to-date highs by the end of the month, the analyst said.

Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom

Bitcoin Primed to Hit $12,000, Historically Accurate Analyst Says

Bitcoin is primed to move toward $13,000 by the end of the month, a crypto-asset trader recently …