RATE Group | Will Bitcoin hit $12,000 by the end of the year? – News
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Will Bitcoin hit $12,000 by the end of the year? – News

28 Oct Will Bitcoin hit $12,000 by the end of the year? – News

Posted at 14:10h in Bitcoin News by

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Bitcoin has registered some impressive gains over the last 48 hours after being in a lull period in recent weeks.

Bitcoin will experience a breakout and hit $12,000 before the end of the year if it remains above the $8,500 support this week, predicts the CEO of a $12-billion financial giant.

The prediction from Nigel Green, the chief executive of deVere Group, one of the world’s largest independent financial advisory organisations, comes after the world’s largest cryptocurrency experienced a 20 per cent price surge over the weekend.

Green comments: “Bitcoin has registered some impressive gains over the last 48 hours after being in a lull period in recent weeks.

“As of now, it has defied the so-called Death Cross – a bearish pattern that takes place when the 50-day moving average falls below the 200-day moving average.

“The $8,500 support has previously acted as a crucial support for Bitcoin. I believe that if Bitcoin bulls can keep the price above this over the…

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