Two protuberant digital currency investors and analysts predicted that the value of Bitcoin (BTC) would hit the $20k level since early this year. Tom Lee of Fundstrat and Max Keiser, RT host, reaffirmed their earlier prediction on the short to mid-term price trend of Bitcoin (BTC), as the largest digital currency in the world by market cap surged over its key hurdle point at the $7k mark on the 1st of September.
Bitcoin (BTC) Can Still Hit $28k This Year – Says Max Keiser
All through the bearish market that caused the value of Bitcoin (BTC) to reduce by 60% and other digital currencies by almost 90%, Max Keiser and Tom Lee have continually shown positivity in a gloomy market. Finally, after a month of trading between the $6,500 and $7k levels, Bitcoin (BTC) surged over the resistance at the $7,200 mark, carrying other digital currencies in the market with it.
XRP, Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Cardano (ADA), Stellar Lumens, EOS, and other top digital currencies in the market have all seen a considerable increase in their value over the past twenty-four hours.
The twenty-four hours trading volume of the entire crypto market – which was in the $8 billion territories up until last week – has also surged over the $13 billion level. As a result of the unexpected short-term correction rally of BTC, Max Keiser said that his $28k prediction for Bitcoin (BTC) by the end of this year is still highly likely to happen, especially if institutional investors commit to the crypto market via trusted custodian solutions.
Bitcoin (BTC) Price Today – BTC / USD
At the time of writing, Bitcoin (BTC) is trading at $7,225 after an increase of about three percent over the past twenty-four hours. The market cap of the digital currency has also increased to $124.58 billion and its trading volume over the past twenty-four hours is $4.20 billion.