Bitcoin Will Hit $28K and Correct, Then Hit Six Figures
Bitcoin price’s current surge, which has so far topped out at $11,380, is destined to continue beyond its all-time highs, the Wall Street veteran predicts. Bitcoin (BTC) will not stop rising until it hits $28,000, Max Keiser believes as the largest cryptocurrency gains over 20% in a week.
In a series of tweets on July 27, the famously outspoken host of the Keiser Report forecast that BTC/USD was headed for six figures after a correction period near $30,000.
Peter Schiff is “puking his brains out”
Keiser made the prediction as Bitcoin passed $11,200 during a day of surprises. As Cointelegraph reported, $10,000 managed to hold for longer than a matter of hours, and data indicated that this latest trip to five figures was sturdier than others in 2020.
“$28,000 is in play before we see a pullback - and then we’re heading to 6-figures,” Keiser summarized.
Well known for his optimism and heavy preference for BTC over other cryptocurrencies, Keiser further took a swipe at gold bug Peter Schiff. Schiff, who has been celebrating gold hitting all-time highs against the U.S. dollar, had previously dismissed Bitcoin’s rise.
“It’s put up or shut up for Bitcoin — it’s got to hold $10,000 now,” he said during a debate with Morgan Creek Digital co-founder, Anthony Pompliano, on his YouTube channel on Sunday.
Keiser had little time for this and Schiff’s other arguments, claiming that in fact, the Bitcoin skeptic was secretly regretting his choice of gold. “Somewhere, @PeterSchiff is puking his brains out right now,” the same tweet reads.
Analyst: BTC price is getting “very interesting”
As Cointelegraph noted on Monday, gold is part of a safe haven boom which is seeing impressive performance across assets as the U.S. dollar weakens.
Another giant stimulus injection from the Federal Reserve, inflating the money supply, has combined with geopolitical tensions and the ongoing coronavirus outbreak to produce unease among investors. At press time, BTC/USD was circling $10,730 after reaching its local highs of $11,380 overnight. For Cointelegraph Markets analyst filbfilb, however, even flipping slightly lower levels as support would be a turning point for Bitcoin, with $10,500 formerly marking severe resistance.
“Breakout! $10,500 the level that needs to become support... then... then things get real interesting,” he wrote on his Telegram trading channel.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 84.8% | 27 | $64 005.74 | -0.89% | -5.10% | $1 260 121 632 594 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 76% | 45 | $3 062.02 | -0.79% | -6.05% | $367 663 505 392 |  |
|
| 3 |  USDT |
Tether predictions | 91.2% | 1 | $1.000426 | -0.02% | 0.02% | $109 516 195 411 |  |
|
| 4 |  BNB |
Binance Coin predictions | 88.4% | 18 | $560.59 | 0.92% | -5.55% | $83 827 253 635 |  |
|
| 5 |  SOL |
Solana predictions | 75.2% | 51 | $143.67 | 0.11% | -4.94% | $64 191 489 896 |  |
|
| 6 |  USDC |
USD Coin predictions | 90.8% | 2 | $1.000124 | -0.01% | 0% | $33 907 201 779 |  |
|
| 7 |  XRP |
XRP predictions | 69.6% | 58 | $0.514532 | 3.85% | -5.33% | $28 365 700 913 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 68% | 59 | $0.154608 | 1.68% | -9.68% | $22 257 363 724 |  |
|
| 9 |  TON |
Toncoin predictions | 65.6% | 64 | $6.20 | -10.34% | -8.92% | $21 517 990 811 |  |
|
| 10 |  ADA |
Cardano predictions | 69.2% | 60 | $0.496520 | 8.82% | -1.99% | $17 688 360 027 |  |
|
| 11 |  SHIB |
SHIBA INU predictions | 61.2% | 85 | $0.000023 | 2.28% | -4.62% | $13 633 227 304 |  |
|
| 12 |  AVAX |
Avalanche predictions | 68.8% | 60 | $35.90 | 1.85% | -5.88% | $13 569 911 756 |  |
|
| 13 |  STETH |
Lido stETH predictions | 94% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 14 |  WBTC |
Wrapped Bitcoin predictions | 83.6% | 31 | $64 046.72 | -0.74% | -4.97% | $9 951 818 815 |  |
|
| 15 |  DOT |
Polkadot predictions | 71.2% | 57 | $6.82 | 1.46% | -5.89% | $9 789 460 270 |  |
