Cryptocurrency Analysis

[IFX_Selena]

Bitcoin to hit $ 300,000 or to crash this September?

Co-founder and former CEO of BTCC Bobby Lee noted that Bitcoin is now in an important segment of its cycle. That being said, he believes that price may reach higher than $ 100,000 this summer.

For the past seven years, Bitcoin has surged twice, during which it hit prices 20 times higher than the previous ones. Since the bullish trend is clearly not over, Lee believes that BTC will still grow. In particular, he predicts it will reach $ 300,000. Of course, he also anticipates an opposite scenario, although he believes much more on a further price increase.

Almost a year ago, Lee also projected BTC to reach $ 20,000. Then by December 2020, the main cryptocurrency really hit this level.

Now, Lee believes that price will jump to $ 300,000, and may reach $ 500,000 by 2028.

But Jiang Zhuoer, CEO of BTC.TOP expects a decreased demand by September, which will result in a strong market crash until June 2022.

It is unclear whose predictions are more likely to come true, but what is certain is that everything will depend on important factors, including the mood of market players.

Vaccinations, the lifting of quarantine restrictions and economic recovery may cause prices to decline, but if large players retain their interest in the market, then the bullish trend may drag on.

Earlier, Crypto expert Ton Weiss also noted that due to a temporary shortage of mining equipment, growth may continue temporarily in the market. But afterwards, there will be a long and large-scale correction.






Ekaterina Kiseleva
Analytical expert
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