There are a lot of Bitcoin-related predictions these days, and they seem pretty optimistic.
BTC to head towards $14k
For instance, trader and analyst Tone Vays said that if BTC can break past $11,050, there’s little preventing that the most important crypto in the space takes a larger share of the overall crypto market and surges to $14k in the short term.
“If this breaks to the upside, there is absolutely nothing on a weekly chart that is acting as resistance. And then it’s very likely that Bitcoin will accelerate to the upside into the halving,” Vays said.
He continued and explained, “There could also be an additional catalyst to Bitcoin. If Bitcoin starts to rise once again faster than the shitcoins, which it probably will, there will be additional exodus of shitcoins into Bitcoin.”
According to the online publication the Daily Hodl, Vays also issued a word of caution saying that he believes Bitcoin’s big rise in 2019 will suffer an 80% correction.
“I still believe that this is an unreasonable exponential rise in the price of Bitcoin, and Bitcoin is going to correct. It is going to correct on par of an 80% correction. Can that correction begin from $40,000? It could.”