According to bitcoin billionaire Zhao Dong, the self-proclaimed “the largest over-the-counter bitcoin trader in China”, Bitcoin will probably range from $ 4,000 to $ 6,000 for about half a year before making a flight towards $ 10,000 ...
From the point of view of Dong, expressed on Weibo - China’s response to Twitter - this latest Bitcoin pump does not indicate the end of a bear market, in fact we will probably see a continuation (and rather without incident) of the battle between bulls and bears over the next few months. ..
According to 8BTC, Dong assumes that the fight will start between $ 4,000 and $ 6,000, with 4k providing a new bottom for BTC, and there will be ping-pong back and forth until the bears surrender, and BTC will find a new bottom around 5k in October.
Baron BTC continues to report that the proposed mega-catalyst of Bitcoin refinement will revive the bulls, sending prices around $ 10,000 to return to 6 thousand, and subsequent bullish growth to 50-100 thousand dollars.
In his own words:
“The price of bitcoin can moderately rise to $ 10,000 before the event, which will be halved next year. After that, it will fall somewhere between $ 6,000 and $ 7,000, ”Zhao said, adding that I hope that a new bull market will emerge from then on, which will force BTC to reach a new peak, somewhere between $ 50,000 and $ 100,000. even higher. in 2021, ”said Dong.
Interestingly, this is quite contrary to the current mood, especially in cryptocurrency, which, as a rule, forms a consensus that a 6k breakthrough will mark the formal end of the bear market and the BTC catapult to new heights by the end of 2019.
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