Bitcoin headed to $100,000 in 2018, says analyst who predicted last year's price

[bbc.reporter]

I want to know what the real sentiment is especially after letting you read a bullish article during a bearish market. Do you still see bitcoin go up by 900% to 1000% this year with the regulators starting to go after exchanges, and in China, also the miners?

What does this analyst see that we do not see to make such a bold prediction? Maybe she was bitten by a permabull HODLER hehehe.



Bitcoin will hit $100,000 this year, says Saxo Bank analyst   Bitcoin will hit $100,000 this year, says Saxo Bank analyst 
3 Hours Ago | 01:41
Bitcoin could hit $100,000 in 2018, an analyst who correctly predicted the cryptocurrency's rally at the start of last year told CNBC on Tuesday.

Kay Van-Petersen, an analyst at Saxo Bank, added that other rival digital coins could also outperform.

Van-Petersen forecast in December 2016 that bitcoin would reach $2,000 in 2017. At the time, bitcoin was trading below $900, according to CoinDesk, a website that tracks the price of digital currencies on a number of different exchanges.

Bitcoin blew past the $2,000 figure in May.

Van-Petersen said Tuesday that bitcoin could hit between $50,000 and $100,000 in 2018.

Read in full https://www.cnbc.com/2018/01/16/bitcoin-headed-to-100000-in-2018-analyst-who-forecast-2017-price-move.html

[sjefdeklerk]

Why are you showing a photo of Warren Buffet ? He said he doesn't believe in bitcoin at all and that he'd short all crypto coins including bitcoin if they had 5 year contracts because it will end very badly. I don't see the relationship between him and you're $100.000 goal ?

[junoreactor]

I really doubt it, but I do think Bitcoin will overtake the 25k bar at some stage before the end of the year.
Interestingly, the history of the price shows:
2015: Low was Jan 15
2016: Low was Jan 16
2017: Low was Jan 12
2018: Low was Jan 17? Wait and see, but it is not time yet to panic.

[dothebeats]

I really doubt it, but I do think Bitcoin will overtake the 25k bar at some stage before the end of the year.
Interestingly, the history of the price shows:
2015: Low was Jan 15
2016: Low was Jan 16
2017: Low was Jan 12
2018: Low was Jan 17? Wait and see, but it is not time yet to panic.

That was the pattern for years, and I don't know why everyone is panicking about bitcoin going down knowing that we're still up waaaay too much compared to where it was back in Jan. 2017. $100k is a bit daring for an analysis to be achieved only in a year. It could be a sensible prediction if the range is somewhere around $25-$30k, but anything higher than that is ludicrous for only a year, knowing that it could drop up to $7500 a coin with the current dump. Anyways, anything can still happen and this can still be a year like 2017. We still have 340+ days before this year ends, and even a week feels like eternity in the cryptoworld.