Bitcoin managed to break the $40k resistance line, and at the moment of writing this article, BTC is trading in the red, and the king coin is priced at $44,765.97.
Bitcoin to hit $95k by mid-April
It’s been just revealed that market analyst and prominent podcaster Preston Pysh says Bitcoin is poised to continue its parabolic ascent.
I’m not sure Wall Street’s ready for what comes next if @100trillionUSD‘s S2F model continues to be valid.
Most market participants are accustomed to looking at things in linear terms…not log terms. pic.twitter.com/VZ30pc1X5J
— Preston Pysh (@PrestonPysh) August 17, 2020
He believes that the king coin will outperform all expectations.
“I think it’s going to be epic. I think the price between now and mid-April will be gangbusters, way more than people are expecting. And then, I think you’re going to go through some natural chop in volatility from there into the six figures by mid-summer into the fall. I think it’s going to be fascinating to watch. I can’t wait to see the CNBC talking heads still not understand it,” he said.
He continued and pointed out the fact that “It’s going to be fun because everyone’s looking at it and they’re saying, ‘What is this thing? This doesn’t make any [sense].’ The same thing that you’ve seen with all the people that have been long Tesla and all your traditional folks that were saying, ‘Oh, it’s going to die here.’ It’s the same exact lens being applied to Bitcoin but probably 10x more so.”
Stay tuned for more bullish price predictions about Bitcoin and keep your eyes peeled on the market.