Bitcoin (BTC) Reaches Price Milestone after Three Years of Waiting
AI Trading

A popular research firm Fundstrat has recently forecasted that Bitcoin is on the verge to surge by 193%, a move that could play out over the next 6 months.

The firm made this bullish Bitcoin (BTC) price prediction in a client note and based it on the fact that the flagship digital currency has again crossed the 200-day moving average (MA) when it recently experienced a notable surge above $8,900 price region.

The research firm Fundstrat, arrived at this huge percentage, due to the historical trend of the price of Bitcoin (BTC). Mathematically, Fundstrat expects the cryptocurrency to trade around $17,000 in the next 6 months.

Obviously, 200-day MA is one of the important indicators when cryptocurrency traders and investors want to determine the possible market price trend in the long term. However, this bullish technical scenario doesn’t always end in another price rally.

AI Trading

Tom Lee’s Bullish Bitcoin (BTC) Prediction in February 2020

Sometimes in February 2020, Tom Lee, the co-founder at Fundstrat predicted that the price of Bitcoin (BTC) is possibly going to skyrocket to $40,000 this year, back then, the digital currency was trading below $10,000.

Despite the challenging situation the world is facing right now, the research firm Fundstrat, and those that constitute it, remain bullish on Bitcoin’s potential in 2020.

Mati Greenspan Says His 100% Portfolio is in Bitcoin (BTC)

According to a tweet shared by a popular crypto analyst, Mati Greenspan, Bitcoin (BTC) remains the best choice of investment despite the recent volatility of its price in the market.

In a tweet, he said his investment in eToro is now 100 percent allocated to Bitcoin.

He shared this, “Call it FOMO, call it blind faith, or even stupidity, IDC. My eToro account is now 100% allocated to BTC.”

Bitcoin is now back to $9,000 price region, after a slight retracement a couple of hours ago. At the time of writing, BTC is trading at $9,011.21, with a 1.40% price upsurge in the last 24 hours.

AI Trading produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.