Bitcoin, the world largest virtual currency has been enjoying the bullish sentiment in its value from the previous week. This year is extremely good for the value of Bitcoin and it has gained stability in its value this year. The currency has crossed the mark of $11K on Monday, June 24, 2019.
The bullish trend in the bitcoin has been getting strong day by day. Now, the experts are predicting that it could lead bitcoin towards massive amount bullish trends and to prove this factor is the things that bitcoin is still in the first place and it has gained stability.
Current Status of Bitcoin (Bitcoin): Currently, the currency is trading at the value of $11,433.46 USD and its value of the currency is increasing by 4.94%. The market capitalization of the currency is $203,281,503,819 USD and $21,373,906,210 USD. The circulating supply of the bitcoin is 17,779,525 BTC and the max supply of the currency is 21,000,000 BTC. The ROI of the currency is also increasing by 8,350.45%.
The cryptocurrency experts and analysts are predicting that the currency will cross $100,000 mark in the next bullish movement in the crypto market. On Monday, in an interview the Chief Market Analyst of ThinkMarkets, Naeem Aslam stated that the currency would reach up to $60,000 to $100,000 USD. He stated, “The only way for Bitcoin price is to leap higher from here. And as long as we stay above the 242 days moving average, which I have been preaching for a while, I don’t see this thing coming down anytime soon. I think is highly likely that in the long runs, the next bull run is going to be above the range of 60,000 USD to 100,000 USD.”
He also said that the currency first has to cross the all-time high of $20,000 to reach that value. If it crosses the value of $20,000 then the next targets will be $30,000 and $35,000 and if the currency’s value reaches up to this value then the main resistance would be $50,000. Aslam previously also predicted on June 17, that bitcoin will cross $11,000 within a week, which is true.
Another Bitcoin analyst, Max Keiser has also predicted that the Bitcoin will soon cross the mark of $100,000. He also stated that the currency will surpass all conventional assets in the upcoming 10 to 15 years. He said that the main reason for this massive success of the currency is that the young generation is moving towards cryptocurrency and bitcoin instead of the traditional ones such as gold, stocks, and commodities.