Bitcoin will surge past $20,000 and continue its meteoric march into six figures, according to independent research analyst Ronnie Moas.
“Bitcoin is already up 500 percent since I recommended it in the beginning of July, and I’m looking for another 500 percent move from here,” said Moas, the founder of Standpoint Research, a self-described “one-man operation” based in Miami.
Over the summer, Moas put a $5,000 price target on bitcoin for 2018. At the time, the digital currency was trading at just $2,600. Since then, it has surged to $18,168 as of Monday, according to prices tracked on Coinbase.
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https://bittox.com/2017/12/18/analyst-predicted-bitcoins-rise-now-sees-hitting-300000-400000/Lmao, he was a long way off from his predictions. $5000 in 2018? That was this year back in September. Obviously he is just putting a bunch of random figures out there and hope that bitcoin will continue to go up to prove himself right.
There is absolutely no TA, absolutely no analysis whatsoever actually. He is just "looking" at bitcoin going to 500% more.
$300-400k is very unlikely in my opinion. If it does go to 6 figures during this rally it's going to be a bubble, and it's not going to exceed $200k. $300-400k is absolutely crazy and is sort of like John Mcafee's prediction, which will probably be proven wrong.