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BTC$61 260.18

-3.02%

Ethereum
ETH$4 024.37

-3.05%

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BNB$481.66

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Tether
USDT$1.000149

0%

Solana
SOL$202.97

1.04%

Bitcoin Will Hit $28K and Correct, Then Hit Six Figures


28 Jul 2020

#Bitcoin

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.

Source


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 65.2% 76 $61 260.18 -3.02% -0.54% $1 154 847 886 762 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 72% 57 $4 024.37 -3.05% 4.78% $475 029 097 178 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 72% 60 $481.66 0.28% 1.80% $80 341 547 819 BNB 7 days price change
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5 Tether (USDT) USDT Tether predictions 95.6% 1 $1.000149 0% 0.08% $69 584 487 051 USDT 7 days price change
6 Solana (SOL) SOL Solana predictions 72% 55 $202.97 1.04% 28.02% $61 059 730 630 SOL 7 days price change
7 XRP (XRP) XRP XRP predictions 76.8% 50 $1.093272 -1.25% -3.76% $51 325 127 678 XRP 7 days price change
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11 Terra (LUNA) LUNA Terra predictions 65.6% 65 $42.91 3.36% 16.19% $17 231 391 175 LUNA 7 days price change
12 UniSwap (UNI) UNI UniSwap predictions 72.4% 47 $25.71 -3.55% -0.58% $15 728 216 583 UNI 7 days price change
13 Avalanche (AVAX) AVAX Avalanche predictions 70.4% 65 $67.18 4.25% 18.98% $14 799 377 874 AVAX 7 days price change
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15 Chainlink (LINK) LINK Chainlink predictions 72% 50 $28.91 -1.77% 6.80% $13 326 500 471 LINK 7 days price change

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