RATE Group | Can the Bitcoin (BTC) Price Surge 72% to Hit $16,000?
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Can the Bitcoin (BTC) Price Surge 72% to Hit $16,000?

04 Nov Can the Bitcoin (BTC) Price Surge 72% to Hit $16,000?

Posted at 05:46h in Ethereum News by

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Last week, crypto investors were making much ado about a Bitcoin prediction that stated that the cryptocurrency would surmount $16,000 in October. As you likely know, this didn’t come true, with the cryptocurrency ending the month at around $9,300 — dozens of percent shy from the $16,000 predicted by the anonymous 4Chan predictor.

While this was a crushing blow to the Bitcoin optimists, there is still hope that the leading cryptocurrency will soon hit $16,000. That would represent a 72% rally from the current price of $9,200.

A $16,000 Bitcoin?

Changpeng “CZ” Zhao, the much-beloved chief executive of Binance, recently noted that Bitcoin may “see $16,000 soonish.” More specifically, he wrote that:

Lol, price predictions are easy. It’s just hard to be right about the timing. We will see $16k soon-ish. 1.4…

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