2019 has undoubtedly witnessed incredible all-time highs of BTC. However, the one the market is witnessing now was beyond our imagination a few months ago.
As per the report of Coin360, the BTC price has finally crossed the $11,000 line for the first time since March 2018. Moreover, the fact that astonished the entire market completely was that BTC attained the height of $11k in less than 24 hours after it broke the $10k threshold.
No matter how confused the crypto market was regarding the BTC price, but as of now, the majority of them seem to be quite confident about it.
Peter Brandt, a professional as well as well-known trader, tweeted on 21st of June saying:
“bitcoin’s price is currently taking aim at $100,000 target.”
While speaking about it he also pointed out the fact that this is, in fact, Bitcoin’s fourth parabolic growth phase:
“Bitcoin takes aim at $100,000 target. $btcusd is experiencing its fourth parabolic phase dating back to 2010. No other market in my 45 years of trading has gone parabolic on a log chart in this manner. Bitcoin is a market like no other.”
According to the prediction of the co-founder of blockchain investment firm Kinetic, Bitcoin’s price might witness a high of no less than $30,000 by the end of 2019.
Whereas the words of the founder and CEO of Digital Currency Group are:
“It looks like, perhaps, we are coming out of a crypto winter and we’ve entered a crypto spring.”
As far as the present scenario of Bitcoin is concerned, it’s approaching $11,100, up to a notable almost 13 percent in the past 24 hours to press time.