Bitcoin to hit $100,000 in a new Bitcoin Price Prediction

BTC Forecast 2018 to hit 100K, says who predicted last year’s price rise correctly

Bitcoin will hit $100,000 this year, says Saxo Bank analyst from CNBC.

Van-Petersen said Tuesday that bitcoin could hit between $50,000 and $100,000 in 2018. 

“First off, you could argue we have had a proper correction in bitcoin, it has had a 50 percent pull back at one point, which is healthy. But we have still not seen the full effect of the futures contracts,” Van-Petersen said.

Bitcoin could hit $100,000 in 2018, based on the new prediction from Van-Petersen analyst who correctly predicted the cryptocurrency’s rally at the start of last year told CNBC. To reach $100,000, bitcoin would need to rally over 635 percent from Tuesday’s highest price of $13,601.43, according to CoinDesk. Previously, Van-Petersen said that $100,000 could take ten years to hit.

“I wouldn’t be surprised if it’s something we are seeing. It’s kind of building a foundation, then will re-rate a bit higher.”

Bitcoin and other coins, including ethereum and ripple, saw a big sell-off on Tuesday, however.

Kay Van-Petersen, an analyst at Saxo Bank, said in December 2016 that bitcoin would reach $2,000 in 2017, a feat achieved in May. Van-Petersen now says bitcoin will be driven by a larger uptake of institutional investors and futures contracts.

bitcoin price prediction 2018 2019

bitcoin price prediction 2018 2019

Tags: Bitcoin, cryptocurrency, bitcoin market, bitcoin price, bitcoin price prediction, bitcoin 2018 price, bitcoin 10000, btc pric prediction 2018

Mohsen Daemi
Latest posts by Mohsen Daemi (see all)