Bitcoin Bull says $10,000 Just a Few Blocks Away, $28,000 BTC/USD Interim Target Still in Play


  • BTC surges past $7k, the next stop is $10k
  • $100k is the long term target – Max Keiser

Bitcoin has shot past $7k, climbing to over $7,500. Though it has come back to $7,120, in the past ten days, the leading cryptocurrency has surged 30 percent. As Fundstrat’s Tom Lee says, the strong move in crypto records in 10 days only.

“This week’s strong move on crypto and especially bitcoin is reminder BTC historically generates its annual performance in 10 days. Miss those 10 days and average return is -25%.”

So, is there more scope for another bitcoin price pump? According to Keiser Report’s Max Keiser, there is.

Reaching for the New Heights

Bitcoin proponent and co-founder of Heisenberg Capital, Max Keiser has called out for $10,000 as the next target for Bitcoin price.

Keiser has been steadfast on its Bitcoin’s long term value that he sees at $100k. Recently, in an interview, Keiser shared that the flagship cryptocurrency is well on that track. As for when he refuses to give a timestamp as “market timing is for losers.”

This leap from BTC’s current value to $100k will have it “outperforming every other asset class in the world” which we already witnessed in 2019 where the return on leading cryptocurrency surpassed that of gold, S&P 500, oil and government bonds among others.

“If it gets to a market equivalent of gold, then the price would be 3 or 4 times higher than that [$100,000],” said Keiser.

Volatility & Correction

This $100k price target comes from the volatility that “As Bitcoin transitions from a store of value, to a medium of exchange, to a unit of account, it will have above average volatility.”

In the short term, he sees it going to $10k as he has predicted because there is little supply between $6 and $10k. And demand at that point, according to him, will take BTC to a new all-time high (ATH). Moreover, the stock market is about to crash that would cut through Bitcoin’s resistance moving it upwards, said Keiser.

Of course, it won’t be without any correction as analysts have been calling out for time and again. But per Keiser, this significant correction will occur around his interim target at $28,000.

There was also this from prominent crypto twitter community contributor and BitMEX CEO Arthur Hayes:

Bitcoin’s price is $50,194.56 BTC/USD exchange rate today. The real-time BTC market cap of $935.92 Billion currently ranks #1 with a chart dominance at 62.37%, daily trading volume of $13.92 Billion and live coin value change of BTC 3.20 in the last 24 hours.

Live Bitcoin (BTC) Price:

1 BTC/USD =$50,194.5581 change ~ 3.20%

Coin Market Cap

$935.92 Billion

24 Hour Volume

$13.92 Billion

24 Hour VWAP

$50.14 K

24 Hour Change

$1,607.60

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