Bill Baruch of Blue Lines Futures is the expert seeing massive potential in Bitcoin soon. As the leading cryptocurrency continues to rise in the long term, the “ultimate upside” for Bitcoin (BTC), according to Baruch, will be going somewhere between $11,500 and $11,800.
In the CNBC video that was posted yesterday, Baruch says that he “has been right before”. What’s interesting is that in February 2018, when BTC price dropped to below $7,000, Baruch predicted that Bitcoin “would recover from the low”. Currently, Bitcoin is trading at around $9,250 which is up over 3% in the past 24 hours.
As Baruch added, “the sector has much more upside in the long run”. According to him, a breakout above $11,800 would make BTC ‘extremely bullish’. On top of that, he highlighted how many altcoins were successful, doubling in value since February this year.
This is only another market prediction in the line. After $25k by 2019 and $250k by 2022 which were some of the predictions published on our site, Baruch’s stance is pretty confident about the short to mid-term Bitcoin scenarios.
In the end, we must say that this is entirely possible, considering the massive surge of the leading cryptocurrency over the past couple of years.
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The best thing about it, though, is the fact that many altcoins are following Bitcoin’s lead – and even rising more than the largest cryptocurrency.
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