Bitcoin price will have little trouble hitting $15,000 once resistance at $10,000 falls, Tyler Winklevoss believes.
Bitcoin ‘Cheap Until It Disrupts Gold’
Writing on social media as Bitcoin price circled $9250, one half of the Winklevoss twins forecast that the cryptocurrency’s trajectory would see it home in on its 2017 all-time high of $20,000.
“If bitcoin breaks 10k, you can bet it’s going to break 15k,” he tweeted June 19.
BTC/USD has broadly recovered from a correction earlier this month which saw the pair touch a low of $7570 on June 10. The latest in a series of surges, Bitcoin price subsequently set its highest level in over a year of $9430 just days later.
Shaking off concerns such as controversial incoming regulation, Bitcoin markets continue their bull run which began April 1, taking gains for investors to more than 130 percent over the past three months alone.
For Winklevoss, as the co-founder of exchange platform Gemini, BTC is still undervalued in the long term.
Asked why he was so bullish about the market in its current state by ‘Broken Markets’ author Joe Saluzzi, he said that while it remained a comparative niche, Bitcoin is a buy.
“It’s a cheap asset until it disrupts gold, however, the 2nd time breaking 10k will make it feel more ‘real’ to many people,” he responded.
$40k Before End Of 2019?
While BTC/USD has so far failed to retake the $10,000 mark, which it last did in March 2018, this year’s bull run has restored faith among investors and presented a headache for naysayers who had already announced the cryptocurrency’s ‘death.’
As Bitcoinist reported,