RATE Group | Top Cryptocurrency Analysts Say $100,000 Bitcoin Predictions Way Off Base – Here’s Where…
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Top Cryptocurrency Analysts Say $100,000 Bitcoin Predictions Way Off Base – Here’s Where…

21 Feb Top Cryptocurrency Analysts Say $100,000 Bitcoin Predictions Way Off Base – Here’s Where…

Posted at 02:06h in Cryptocurrency News by

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Two leading cryptocurrency analysts say they believe Bitcoin is in a new bull market cycle, but predictions that BTC is poised to soar to $100,000 are far too bullish.

In a recent episode of Trading Bitcoin, Tone Vays and the pseudonymous trader Filbfilb debate the current state of the crypto market and where it may head in the months to come.

Vays says BTC needs to close above $10,450 to signal that a bigger move to the upside is in store. Bitcoin came extremely close to that number on Wednesday, reaching $10,444 before plummeting to its current price of $9,568, according to CoinMarketCap.

Filbfilb’s says his target for opening a long position is significantly higher. He’s looking to see if and when BTC can cross $11,500.

As for how high Bitcoin may climb in the next long-term market cycle, both analysts say they expect a new bull market top to hit well below a litany of predictions calling for a parabolic rise to $100k.

Says Filbfilb,

“I…

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