Cryptocurrency

BTC analyst Baruch optimistic bitcoin to hit between $11,500 And $11,800

(Last Updated On: April 24, 2018)

#Bitcoin | #CNBC | #BTCPredictions

Bitcoin has been predicted to worth between $11,500 and $11,800USD in some days from now, cryptocurrency strategist has said.

At this minute, bitcoin has grown by 4% in the last 24 hours trading at $9,362.35 on April 24, 2018 at 14:22; while ethereum was worth $702.16USD, growing by 9% in the last hours.

Bill Baruch of Blue Lines Futures believes that the crypto sector will continue 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 of April 23.

The value of btc has a significant role in the value of other digital coins in the cryptocurrency market.

CNBC notes that Baruch “has been right before.” In February of this year, when BTC’s price dropped to below $7000, Baruch predicted that Bitcoin would “recover from this low.”

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.

Despite the volatility of the cryptocurrencies, several predictions have been in favour of bitcoin, while one of the leading voices in the financial sector said btc was going back to $100, its lovers predicted $100,000, but it hasn’t been really good in the past days.

However, its latest growth shows a positive signal for crypto enthusiasts.

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Opeyemi Quadri

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