Bitcoin Forum

Bill Baruch of Blue Lines Futures sees the crypto sector as continuing to rise in the long term, with the “ultimate upside” for Bitcoin (BTC) being between $11,500 and $11,800, according to a CNBC video posted yesterday, April 23.

CNBC notes that Baruch “has been right before.” In February of this year, when BTC’s price dropped to below $7000, Baruch had predicted that Bitcoin would “recover from this low.” BTC is now trading at around $9,280, up over 2 percent over a 24 hour period to press time.

Baruch added yesterday that the “sector still has much more upside in the long run,” and a breakout above $11,800 for BTC is “extremely bullish.” He also highlights how many altcoins have “doubled in value” since February.

Cointelegraph recently reported about the plethora of market predictions in the volatile crypto sphere, explaining why some experts think BTC is heading to $100, while others believe it’s going towards $100,000.

https://cointelegraph.com/news/market-strategist-sees-btc-soon-hitting-between-11500-and-11800

One of my favorite things in Bitcoin is that every financial strategist have one thing in common. They all have an Opinion on future Bitcoin prices and you know Opinions are like assholes; everybody has one.  :D

What I want to see from these financial strategists is facts not empty guess work, based on previous stats. If you want to make a public prediction, then you should motivate that with fact. Just get some inside information and predict the price based on that. < Example : The price will rise with 30%, because Microsoft is planning to incorporate it in their next, Windows operating system.>

If you just want to pull predictions from your ass, then keep that to yourself and stay away from public media.   

+100!!!

My thoughts exactly.

Let us go easy on the OP because his thread is also an opinion. Everyone, including the so-called experts, always bases their opinions on facts. What strategies are you talking about? I mean, I am pretty sure the bitcoin price will rise. It is a matter of faith because I trust its potentials. And I am sure that the price will go beyond $11k. However, my certainty is not based on a fact but on a hunch. You are the reason as to why those people are panicking and posting stupid threads about the price.

I believed the predicted value of bitcoin by Bill Baruch of Blue Lines Futures must have been based on certain analysis which was not revealed, all these predictions must have been thoroughly  scrutinized before being published and from technical point of view it seems bitcoin is heading to $11K as predicted a major resistance is at that zone obviously pullbacks might occurs but the price will get there.

If Bill is strategist then he must have something to back up his claims and maybe he didn't revealed it but I'm sure that its based on TA. Let's see how it goes though, I don't follow certain market analyst or predictors but I love to read what they all saying and we don't know, maybe it could a hit a bulleyes. One things for sure though, when this market starts to move, it move very abrupt and no resistance or hurdles can withstand its force. So let's give him the benefit of the doubt and wait till his prediction happened. He may have persuaded some investors to spend and pour their cash with his predictions. ;D

Thank you for this news! I have recently read a lot of information about the upcoming growth of bitcoin. At the same time, few experts  indicate specific price levels. I think that by early May the market will reach these marks on bitcoin.

Market strategists always makes comments about it after seeing the current conditions . They don not give some very unusual predictions .
When they see a little rise in bitcoin's value , they speculate about how it is going to rise high and higher beyond our imagination and talk about breaking all the barriers . When they see bitcoin is going down , they talk about bitcoin being a bubble and how they warned people not to invest in them and so on . These are all the ways of attracting some public . Lets follow the trends and not the predictions.                                       

Of course this quarter it will hit 12000 usd because this is the quarter that sees second most growth in the year. Most growth being in the fourth quarter. And there hasn't been a single year when the year ended with bitcoin price decreased from the previous year. So there is no chance that bitcoin ends below 20000 usd by December. And that rise is beginning now.

Very good news, thank you! So now is the right time to buy bitcoin. But as here already noted, nobody knows future prices of cryptocurrencies. Personally, I expect bitcoin to be at least 20 000 USD by the end of the year.

I definitely agree, there must be some arguments explaining Bitcoin's growth up to 11 000. If this is just a technical analysis, then this isn't a proof, but if there some facts in addition which related to Bitcoin, then these forecasts make sense.

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