Bitcoin (BTC) To Hit $17,000 By The End Of August

Bitcoin (BTC) made crypto enthusiasts more than excited when it surged these days and managed to surpass $11k again.

This is one more reason for which the optimistic BTC-related predictions continue.

At the moment of writing this article, Bitcoin is trading in the green on CMC and the most important coin in the crypto market is priced at $11,845.08.

Bitcoin (BTC) to hit $17k by the end of August

Smartereum notes that an important analyst, BTC could be hitting $17k by the end of this month.

Joe McCann shows a chart on BTC’s price, which shows that the most important coin in the crypto market can hit $17k by the end of August 2019.

“According to McCann, the most recent crossover of this kind returned a 52% and 61% rise from its former price. This time, Bitcoin could be heading to a 60% rally that by calculation places price at $17,000,” Smartereum reports.

The online publication writes that “The MACD crossover is not coming as a surprise despite the sideways movement of Bitcoin in the last week. While some analysts still show pessimism about the price which they expect to pull back to $8,000, today’s chart may be suggesting something else.”

Bitcoin to cross $15k this week

Max Keiser, host of The Keiser Report just said that he believes BTC will surpass $15k this week.

Keiser said that he believes there’s a lack of confidence in centralized institutions and fiat currencies will be pushing BTC much higher.

Keiser says he’s now certain that BTC will hit $100,000 in the long run in light of recent reports that negative-yielding debt has ballooned to $14 trillion for the first time.

“Negative sovereign debt = default. A global sovereign debt default is underway. This is *much* bigger than the 2008 global financial crisis. Money printing about to go hyperbolic. Bitcoin [at] $100,000 is now a dead certainty as is Gold [at] $10,000.”

Stay tuned for more crypto predictions.

The post Bitcoin (BTC) To Hit $17,000 By The End Of August appeared first on Oracle Times.

Comments are closed.