New Bitcoin Price Prediction Bet Surfaces: Will BTC Go To $1,500 Or $6,500 First?
Analysts Believe Bitcoin Could Drop To $1,500 Before Reaching $6,500
As the cryptocurrency market is operating positively, the community is very excited regarding the future price action of virtual currencies.
A few days ago, the cryptoanalyst Financial Survivalism seemed skeptical about the short-term price action of Bitcoin (BTC). He said that the longer it takes for Bitcoin to surpass $4,600 the higher the chances are that it could fall even further. In the worst case scenario, he showed that Bitcoin could drop down to $800.
Now, the World Bank economist Leah Wald said that Bitcoin will trade below $1,500 before reaching $6,500. She made a 1 BTC bet with the technical analyst FlibFlib on Twitter.
I don't like those terms but I am willing to entertain your action @filbfilb. @LucidInvestment and I are willing to bet 1 BTC that price trades below $1,500 on Bitstamp before it trades above $6,500.https://t.co/OAClWq8NcK@ToneVays @Crypto_Core @Sawcruhteez @DougPolkPoker pic.twitter.com/OznWkMAg5K
— Leah Wald [Jan/3➞₿🔑∎] (@LeahWald) March 5, 2019
Meanwhile, FlibFlib believes that Bitcoin will be traded above $6,000 before falling down to $1,500.
I am feeling that i will happily take the other side of bets that BTC will not trade below $1k.
Leah you're first 1 BTC… that Bitcoin trades above $6k before below $1k. https://t.co/tWZiPvedag
— fil₿fil₿ (@filbfilb) March 4, 2019
If Bitcoin is able to capitalize on this positive sentiment in the market, it is plausible for Bitcoin to reach $6,000 in the near future.
FlibFlib has also predictedBitcoin to hit $100,000 in the future. There are several individuals and experts that think that Bitcoin could reach very large values in the future, even if before the most popular digital asset falls under $3,000 before.
Alex Krüger, an economist and cryptoanalyst, conducted a poll in which he asked his more than 26k followers which price will Bitcoin reach first, $4200 or $3150.
Upon request, doing a set of 3-hour long sentiment polls.
1/ What level is $BTC more likely to break first?
— Alex Krüger (@krugermacro) March 5, 2019
The poll remains open and until now, 64% of the respondents answered that Bitcoin would break $4200 first than $3150.
Bitcoin is going to be halving as soon as May 2020. This is going to help Bitcoin grow faster in case there is an increase in the demand for the digital asset. Miners will be receiving 6.25 BTC rather than 12.5 BTC each time they find a block.
At the time of writing this article, Bitcoin is being traded around $3885 and it has a market capitalization of $68.28 billion.