Bitcoin price predictions and opinions: 8 experts on BTC this week

11 Apr, 2019 | Updated: 11 Apr, 2019
by Jelmer van der Dussen
Bitcoin
Bitcoin price predictions and opinions: 8 experts on BTC this week

It has been more than a week since the pump that lifted Bitcoin over $5000, and the cryptocurrency space is still very excited about short and the long-term for BTC. Here is an overview of the latest opinions, price predictions and price analyses from crypto experts on Bitcoin this week.

‘We’re in a bull market!’
According to Fundstrat’s Tom Lee, the latest Bitcoin run means the bears have left the building… and the bull market is back in full force! In an interview with Bloomberg Lee stated that Bitcoin is back on a bullish trend after breaking the 200-day-moving-average, with ‘strong evidence that Bitcoin whales are buying again’.

Read more: Thomas Lee: "Bitcoin is now in a bull market"

‘Bitcoin can go parabolic’
Lee is definitely not the only Bitcoin bull in this overview, with famous trader Peter Brandt saying that Bitcoin could enter a parabolic phase again. Brandt, who predicted the end of the bull run in 2017, took a look at the charts and tweeted that ‘It would not surprise me if BTC enters a new parabolic phase’. 

Read more: Peter Brandt: Bitcoin can still go parabolic

‘Nail in the coffin for new lows’
Another Bitcoin bull, investor Travis Kling, admitted in a tweet that new lows in Bitcoin are highly unlikely. Kling said that the chances that we ‘retest the lows of mid-Dec diminished significantly’, and added that the price action of Bitcoin has ‘put the nail in the coffin for new lows’.

Read more: Travis Kling: Bitcoin's rally to $5,000 is “nail in the coffin” for bears

‘The next bull run is going to be fabulous’
Not everyone is convinced the only way for Bitcoin is up. Bitcoin billionaire Richard Heart thinks that this BTC run will be followed by a capitulation candle. "I do", says Heart, "I think we will. The question is do we make lower lows or not." Heart is bullish regarding the medium-long-term. "If we don’t have the bull run now, maybe come October, it going to be fabulous. When a bear market ends, you don’t get an instant bull market", he explains. "You have a horizontal period of chopping about, and this would be the beginning of that period."

Read more: If you buy Bitcoin now, you're likely to get rekt, says Richard Heart

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‘Bitcoin to hit $50K-$100K in 2021’
Another Bitcoin billionaire predicting sideways action for now is the Chinese investor Zhao Dong. In a post on Chinese social media platform Weibo, Zhao said that he expects Bitcoin to fluctuate between $4K and $6K for half a year. For the long-term he sees Bitcoin hitting somewhere between $50K and $100K ('or even higher') in 2021.

Read more: Bitcoin to "fluctuate between $4k and $6k for half a year," says BTC baron

‘$28K still in play’
$100K is also a price target of Bitcoin pioneer Max Keiser, who predicted BTC to hit that mark in 2011 and tweeted this week we are 'still on target'. 'The base Bitcoin built during the bear market has set the stage for new ATH. $28,000 still in play. $100,000 (my target since 2011) is still good', Kaiser said.

Read more: Max Keiser: 'Bitcoin's new ATH at $28,000 is still in play'

All-time highs here, all-time highs there
According to Binance CEO Changpeng Zhao there is a good reason for all this excitement in the market, and not only because of Bitcoin jumping over $5000. In an interview with CNBC host Ran Neuner, CZ said that 'the trading volume per transaction, the number of transactions and the number of orders people are submitting is at an all-time high, we are actually seeing more orders than January 2018'.

Read more: CZ talks latest BTC pump: "trading volume at an all-time high"

$3 billion ready to flow into BTC and alts
In the meantime, a lot of money is still waiting on the sidelines ready to flow into the market, eToro analyst Mati Greenspan says. Commenting on a tweet pointing out that no new money is needed to push the price, just the return of the funds that are parked in Tether and stablecoins, Greenspan noted that 'nearly $3 billion is ready to flow into BTC and alts'.

Read more: '$3 billion ready to flow into Bitcoin and altcoins' says Mati Greenspan

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