Analyst who predicted $10k says Bitcoin can hit $100k in next bull run

25 Jun, 2019
by Richard Allen
Analyst who predicted $10k says Bitcoin can hit $100k in next bull run

Chief market analyst at ThinkMarkets, Naeem Aslam made a prediction last month that Bitcoin would surge past $10,000, even though it was struggling at around $8,000 at the time. Given the accuracy of his previous prediction, Fox Business has asked him to make another prediction. He says BTC can go as far as $100,000 in the next bull run.

As Aslam stated at the time, Bitcoin’s five-year trailing high percentage in June is 25.98%, which suggests that Bitcoin was poised to hit $10,712. Seeing as BTC is currently trading at $11,346 at the time of writing, it’s safe to say his prediction was accurate. No small feat considering how unpredictable the market can be. Now, Fox Business has asked Aslam for another prediction. According to the analyst, Bitcoin is only going one way: up.

Aslam notes that so long as Bitcoin stays above the 242-day moving average “I don’t see this thing coming down anytime soon” he says. In fact, Aslam states that Bitcoin could go as far as $60,000 to $100,000.

However, the analyst states that before we can start seeing those kinds of levels, Bitcoin first needs to break past its all-time high of $20,000. Once that happens, the next important level is $50,000 and $100,000 from there.

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Read more about: Bitcoin (BTC)


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