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Bitcoin (BTC) fell to 9,070 USD today, June 26, 2020, before climbing back to 9,142 USD at the time of writing. Despite this recovery, the day remains slightly in the red. Yesterday the 12,000 USD, today the 13,000 USD: the forecasts of an imminent rise in Bitcoin continue to flow, despite the current poor environment for the BTC. When a early adopter of the BTC declares that Bitcoin is safe currently, the hesitant should perhaps finally take the plunge.
13: the lucky number for Bitcoin
Mike McGlone tweeted today, where he says the bulls may soon be out of their cages.
McGlone provides for a Bitcoin at 13,000 USD, a resistance that bulls will encounter during their race. McGlone had predicted a Bitcoin $ 28,000 by the end of the year.
#Bitcoin a Caged Bull Set for Breakout, Eying $13,000 Resistance —
The more disdain from bulls should be for the better, keeping the price tilted upward for the consolidating crypto. Declining Bitcoin volatility reflects maturation toward a digital version of gold. pic.twitter.com/2CqGEx95JS— Mike McGlone (@mikemcglone11) June 26, 2020
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Bitcoin has not really moved during this month of June 2020, with currently a small red candlestick. Bulls’ attempts to pass the 5-digit mark have so far failed and could encourage bears to gain more market dominance.
Bill is bullish
In the recent FutureProof webcast covered by Seeking Alpha, the founder of Miller Value Partners, Bill Millersaid he was optimistic for Bitcoin.
According to Miller, Bitcoin is more “safe” – in any case, more than it was before – now that it is trading in a range above 9,000 USD.
Miller was an early adopter of Bitcoin : he bought some when the BTC still traded at $ 200. He said during the webcast that he had not sold any of his BTC, whose average purchase price is $ 300.
January 2019, Miller declare to the CNBC than Bitcoin is a “Interesting technological experiment”, that its value could increase or plunge to zero, after its crash in December 2018, to 3,100 USD.
Miller says he sees no reason why investment advisers should not recommend that their clients invest at least 1% of their net assets in Bitcoin today.
Imagine that Bitcoin does indeed rise in the coming days to the level of 12,000 USD or 13,000 USD: lasting break with the 4 digits to reach a new historic ATH or a simple foray that will enrich some experienced traders? Keeping your Bitcoins bought at $ 300, if not optimism, is a fiery faith in a BTC that should peak a lot, but really much higher.
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Litecoin, welcome in the Silver Age
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