Gold Price Regains Its Shine as U.S. Economy Flashes Two Warning Signals

9m
cryptonewmedia

Bitcoin, Ethereum, XRP Experience Monumental Losses As Market Drops $12 Billion In Minutes

15m
zycrypto

Bitcoin (BTC) Bullish Setup Still Remains Valid

15m
cryptodaily

Bitcoin Collapses below $7,500 after Brexit Breakthrough

16m
newsbtc

Bakkt Achieves a New ATH With 363 BTC on its 1st Monthiversary Amidst Bitcoin Price Drop

22m
coingape

XLM Has Been Increasing Since Coinbase Announcement — Analyst Suggests That Will Continue

27m
beincrypto

The Bitcoin Update: BTC Price Drop, Panic Selling by Bitcoin Miners, Bitcoin Halving

28m
cryptoglobe

CoinSpot lists Australia’s first gold and silver-backed cryptocurrency

44m
cryptonewmedia

FATF’s regulations will push criminal activity to privacy coins: CipherTrace CEO

1h
bitcoinwarrior

New Members Added to Ripple’s Regulatory Team, Will Experience Improve the Blockchain Association?

1h
cryptodaily

Flash Crash Sends Bitcoin Price Below Key Moving Average

1h
newsbtc

Crypto Bloodbath: Bitcoin [BTC] Slips to $7.5K; $200 MM Longs Liquidated on BitMEX

1h
coingape

Bitcoin Has Been Hijacked by Communists, Claims BSV Supporter

1h
beincrypto

Bitcoin Price Movement Looks Like ‘Absolute Garbage,’ Claims Analyst

1h
beincrypto

Time to Buy Bitcoin, Stop Yelling about Gold, Says New Grayscale Commercial

1h
utoday

Voyager Digital to pay Users Interest on Bitcoin (BTC) Holdings

1h
cryptonewmedia

Dow Wobbles as Trade War Sinks Its Fangs Into Corporate Earnings

1h
cryptonewmedia

Russia’s Villainy Prevents Call of Duty Launch on PlayStation Store

1h
cryptonewmedia

CZ Claims Vladimir Putin To Be the Most Important Person in Blockchain

1h
cryptodaily

Updating Live: Zuckerberg Hearings Before Congress on Libra

1h
cointelegraph

Bitcoin Drops 2.92%, Now Back to Testing $8,000 Price Level

2h
coininsider

ICO Returns: Class of 2017 Still the Champion

2h
cryptonewmedia

Bitcoin Suisse invests $3 million in CoinRoutes crypto-trading platform

2h
bitcoinwarrior

Bitcoin (BTC): Short Term Bullish Trend Reversal Is Only A Matter Of Time

2h
cryptodaily

Bitcoin Falls Like Clockwork on Futures Expiry Friday

2h
cryptonewmedia


Bitcoin At $25,000 and Ether At $1,000 Will Happen Before End of Year, Says Author William Mougayar

zycrypto

1mon ago

Bitcoin is still currently above the $10,000 price level and even though it has dropped much closer to the mark than it was before, current sentiments are extremely bullish.

There’s still a considerable number of people who believe that it’s only a matter of time before Bitcoin hits its current all-time high, and probably a new one. Another bullish forecast has now been expressed, joining an already large pool of enthusiasts, who have admirable faith in the king coin.

William Mougayar (@wmougayar), took to his Twitter to post his predictions about eleven different cryptocurrencies before the year runs out. His list included Bitcoin (BTC), Ether (ETH), Ethereum Classic (ETC), Binance Coin (BNB) and EOS as well. However, the predictions for Bitcoin, Ethereum and BNB as well, seem worthy of note.

Mougayar predicts that not only will Bitcoin hit its current all-time high of $20,000, it will also surpass it and head all the way to $25,000 before the year runs out. This leaves just a little over three months for Bitcoin to more than double its current value. He also believes that ETH will hit $1,000 and BNB will end the year at $50.

The very nature of the cryptocurrency market makes accurate price predictions almost completely impossible. This instability is one of the reasons touted by many naysayers as a reason why cryptocurrency should not be placed in high regard at all. However, this same reason makes Mougayar’s predictions not only sane but also possible as well.

Several reactions to the tweet have poured in with most analysts agreeing that it’s only unlikely but not completely impossible. Popular crypto trader, Bitcoin Jack, believes that there’s a chance because “Bitcoin will be Bitcoin.” Regardless of the general sentiment towards the forecast, something else could be considered.

Again, Bitcoin’s current all-time high is $20,000. Based on this and also the fact that Bitcoin has been known to surge by unprecedented percentages, a $25,000 mark doesn’t seem too wild.

This same logic could even be better applied to ETH as well when you consider that it hit $1,432 early last year, its current all-time high. However, BNB might be a different ball game. Currently trading just a little over $21, BNB reached its $39.5 all-time high a few months ago. Using the same logic as above, we could surmise that BNB AT $50 is possible, but not before 2019 runs out.

Regardless, price swings have been known to confuse even the most detailed analysts so for the sake of the entire market, we hope Mougayar’s forecast pans out.

Disclaimer: The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of ZyCrypto. None of the information you read on ZyCrypto.com should be regarded as investment advice. Every investment and trading move involves risk, you should always conduct your own research before making any investment decision.

Get Daily Crypto News On Facebook | Twitter | Telegram | Instagram

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments