On August 2, Bitcoin is once again satisfying the market with an increment of over $10,000. The head of the top crypto exchange Binance, CZ, stated that those who sold their BTC at a lesser price should learn now for the future and never make that mistake again. Binance chief Changpeng Zhao tweeted on Friday that those who sold Bitcoin below $10,000 should slap themselves. The statement is in line with the current surge of $10,000 BTC is experiencing. Bitcoin started reclining from February this year, after the decline of the market all through 2018. Though, the prices declined from the three-month high of $14,000 to around $9,500, which made some people sell their Bitcoin holdings as they panicked at the market fall. Many critics mocked the crypto market, while some called it fraud during this period.
Bitcoin Price Prediction – Analyst Positive About Future BTC Surge
Most crypto analysts are positive about the future surge of BTC, as most claimed that BTC prices will break the record of $20,000 and reach $40,000. Some analysts believe that Bitcoin will supersede the million-dollar record in the next few years. Though there’s a general agreement on a positive surge for the next few years. Binance Chief, Changpeng Zhao has been a strong supporter of BTC surge as his own crypto-blockchain company is growing its base in the crypto space.
Bitcoin (BTC) Price Today – BTC / USD
On the other hand, according to the latest BTC price update, there’s a structure of market expansion which currently appears to be stable. The 2017 growth led to the Bitcoin surge, but the downfall that followed was an eye-opener for traders and investors. Some experts claim that shortly, Bitcoin will regulate between $10,000 – $14,000 marks. Though the next growth might be more distant than most predictions so far the claim has been the most credible analysis. It is noteworthy, to always remember that Bitcoin is a substitute to the “elite-controlled” conventional monetary system, not an investment asset.
Bitcoin News Today – BTC Still the Go-to Currency for Investors
From the latest Bitcoin news gathered, BTC is the go-to assets for most traders and investors universally. Though the currency experiences steady fluctuations that have kept neutral traders and investors away. Crypto experts such as Blockstack chief Muneeb Ali and computer scientist John McAfee have requested that people must disregard these short-term fluctuations. This assertion has left questions and uncertainty in the mind of investors. Are these fluctuations worth paying attention to or not? Well from bitcoin price analysis update, experts have come out to say that the fluctuation can be ignored. Though traders and investors believe that some prominent experts are used to giving unrealistic predictions, which at the end turns south.
Naeem Aslam, for instance, predicted the surge to $12,000, but his predictions that the Bitcoin could reach $100,000 by the end of 2019 do not look realistic currently.
BTC is trading around $10,500 currently, this price is a major surge from the $9,600 it was previously priced at 48hours ago. Currently, BTC’s price prediction is that if the price surges to $11,000, it is possible another rally will occur, which may likely see it through at $16, 00 making it an all-time high.