From a trio of predictions on the future of BTC to new adoption at Ripple, here’s a look at some of the stories breaking in the world of crypto.
As Bitcoin soars past $10,000, crypto analyst Josh Rager says a renewed BTC bull run is likely to bring the leading cryptocurrency above $60,000. Rager also recently analyzed Bitcoin’s past market cycles and says if history repeats, BTC could well end up at around $78,500 by 2022.
$BTC is likely to hit $60k+ this coming uptrend…
And people seriously forfeit 500% gains to try catch 10% moves with shorts
— Josh Rager 📈 (@Josh_Rager) June 21, 2019
Meanwhile, a crypto trader known as Redxbt told his 20,000 followers on Twitter that an analysis utilizing the Wyckoff Market Cycle, which outlines four cycles of market growth and decline, indicates Bitcoin will jump 87% from here. If it happens, BTC would rise to around $18,000.
last time i saw a wyckoff distribution chart was on the first red arrow. we’re up 87% since then.
— green (@redxbt) June 21, 2019
Meanwhile, Fundstrat analyst Tom Lee calls BTC a unique asset that historically doesn’t need to hit new highs to confirm a breakout. Lee says Bitcoin’s rise above $10,000 will now trigger widespread crypto FOMO (fear of missing out).
“With Bitcoin, when it trades at a price seen only 3% of its history, this has confirmed a new high imminent.