Crypto EcoBlog
According to one analyst, bitcoin could potentially reach a price of more than $17,000 by the end of the year.Bitcoin Hitting $17K? Chances Are Pretty GoodIn a tweet, Cane Island Alternative Advisors’ Timothy Peterson explained:Odds of bitcoin reaching $17,000 any time during the remainder of the year are about 30 percent.The only problem is that the asset would have to shoot beyond the $12,000 mark for it to reach the said price. If this doesn’t happen, we can’t expect the currency to move...
Read More »New Report Suggests $75,000 for Bitcoin by Mid-Summer
Bitcoin has undoubtedly suffered this year thanks to the economic onslaught caused by the coronavirus, but according to one analyst and investor, the cryptocurrency is about to make a monster-sized comeback, and could reach as high as $75,000 in the coming weeks.Bitcoin Could Hit the $75K MarkAccording to Timothy Peterson – financial analyst and Cane Island alternative – the world’s number one digital currency is mimicking the behavior it exhibited seven years ago in the year 2013. According...
Read More »Bitcoin Price Could Hit $1 Million on February 1st 2028, New Model Suggests
If bitcoin follows historical trends, it could tip $1 million by February 1st 2028. Based on extrapolating Timothy Peterson’s ‘never look back’ chart which tracks bitcoin’s lower troughs. The chart echoes Plan B’s ‘stock to flow’ model which puts BTC at $1 million near the end of the next decade. Plenty of analysts have predicted a million-dollar bitcoin. But few have targeted such a specific date. By analyzing historical bitcoin price action, however, it’s estimated that BTC could hit $1...
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