Bitcoin Price Stays at $5,100 BTC/USD as PlanB Predicts $300,000 Exchange Rate by 2023


Bitcoin remains above $5,100 even after a small price correction experienced a few days ago. The digital asset raised up to $5,412 and then it moved down to $4,900 on April 12. According to John Pearlstone, trader and analyst, the next likely target is $6,000 BTC/USD.

bitcoin price prediction peak of 00

Bitcoin Could Reach $6,000 Analyst Says

Cryptocurrency enthusiasts are now expecting the digital asset to start growing once again. John Pearlstone said that this is a very typical price action during a bullish cycle and that he expects Bitcoin to reach $6,000 in the near future.

Nonetheless, there are other experts that believe that Bitcoin has yet to bottom before starting a new bull market. According to Tyler Jenks, the president of Lucid Investment, said that Bitcoin will be reaching new lows in the near future. His target is currently $1,000, being one of the most bearish predictions for Bitcoin in the whole crypto industry.

Toney Vays, a recognized trader, also believes that Bitcoin could fall down to $1,300 before starting its growth path once again. Nonetheless, this is his worst-case scenario. The largest virtual currency could just fall down to $2,500.

Crypto Twitter's Bitcoin Price Analysis + Predictions

In another $BTC price analysis, planB ‘hodlonaut' shows a chart predicting bitcoin's value 2013-2019 with 2009-2012. As you can see in the charting forecast, bitcoin is set to rise and even went on to say If it does I think we are looking at $300,000 plus by 2022.

He also had another sweet-find that is very vital to the understanding of how mainstream media plays the fiddle of blockchain > bitcoin or financial bigwigs always downplaying the significance of bitcoin and all its inherent benefits.

This is pretty incredible matching and timely set of events wouldn't one agree?

Then we move on to Sir Sebastian Sinclair's daily BTC snapshot analysis:

Then if this was not enough to go on, check out ‘Strange Doctor Crypto' as he explains what could happen as a viable bitcoin price prediction by 2023.

Bitcoin's Correction Phase; How Long Can It Last?

Bitcoin (BTC) has been growing over the last few months after a long bear market that started in January 2018. Things have changed since then and the market is much more mature than what it was a year ago. Bitcoin has also reached a bottom close to $3,200 last December and it since then, Bitcoin grew over 65% since then.

Will Bitcoin Keep Growing

In the last weeks, Bitcoin was able to surpass $5,000 for the first time since November 2018. This was very positive for Bitcoin and the whole cryptocurrency market that has been in a bear trend for a very long period of time.

On April 12, Bitcoin dropped under $5,000 for a brief period of time. Some people said that this small correction was due to Wikileaks’ Julian Assange that sold 4,000 BTC worth close to $20 million. Nonetheless, there is nothing that could confirm this theory.

It is also possible to see that Bitcoin is following the same path as many other stocks and assets around the world over the last years.

Kazonomics explains about fractals and the market:

“A crash cycle pattern is a fractal pattern found in both humans and nature. In humans, this emotional cycle has been observed since the days of tulip mania and all the way up to the internet bubble or dot com era most famously. Price is nothing more than consensus behaviour of human emotions over time.”

There are several experts that compare Bitcoin and the dot-com bubble in the early 2000s. It is also possible to see that the market dropped ten different times and by steps. In the dot-com bubble, the fall from 9 to 10 was a 5-fold fall, which is very large.

Bitcoin has also been crashing in a similar way. In December 2017 it reached an all-time high of $20,000 and then it completed 9 steps out of 10. The price of the most popular digital asset has fallen more than 80% but it could fall even more in the near future.

The president of Lucid Investment, with over 40 years of experience in the financial markets, said that he has not commented about Bitcoin since it broke above $4,000 and $4,200. He believes that Bitcoin is not going to hold this price level and that new lows could be seen in the near future. He has a price target of $1,000.

For Peter Brandt, another recognized trader, Bitcoin could experience one last move down before starting to grow once again. If that happens, Bitcoin would be testing the lowest point close to $3,200.

In the last 24 hours, only Binance Coin (BN) and Tezos (XTZ) are operating positively in the last 24 hours, among the top 20. Although Bitcoin is falling 0.24% during the same period of time, it remains above $5,000, which is very important for the market.

Currently, each BTC can be purchased for $5,065 and it has a market capitalization of $89.37 billion according to CoinMarketCap.

Live Bitcoin (BTC) Price:

1 BTC/USD =$46,546.9978 change ~ 3.78%

Coin Market Cap

$867.71 Billion

24 Hour Volume

$19.53 Billion

24 Hour VWAP

$44.93 K

24 Hour Change

$1,757.80

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