Bitcoin crossed the $11,000 mark on Monday, June 24, and the rally seems to be growing by the day. This could be an indicator of a massive bull market ahead, and a testament to the fact that Bitcoin is still the king of the crypto markets.
BITCOIN IS KING AND THATS NOT CHANGING ANYTIME SOON 🔥
— Pomp 🌪 (@APompliano) June 25, 2019
Crypto analysts across the globe are expecting huge gains for BTC, some even predicting that Bitcoin will cross the $100,000 mark in the next bull rally. During an interview on Monday, Chief Market Analyst at ThinkMarkets, Naeem Aslam, said that Bitcoin would hit prices between $60,000 to $100,000 in the next bull run. He stated,
The only way for Bitcoin price is to leap higher from here. And as long as we stay above the 242 days moving average, which I have been preaching for a while, I don’t see this thing coming down anytime soon. I think it is highly likely that in the long run, the next bull run is going to be above the range of 60,000 USD to 100,000 USD.
However, Aslam stated that to achieve this price, and the market must first break the all-time high of $20,000 at once that is passed, the target will no longer be just $30,000 or $35,000. According to predictions for Bitcoin, the next target will be $50,000, and after that, the market will aim for the $100,000 mark. This could just be as true as Aslam’s previous prediction he made on June 17, that between will cross the $11,000 mark in a week, which a glorious reality.
Another expert to believe that the prices will soon cross the $100,000 mark is Bitcoin Analyst Max Keiser, who also believes that Bitcoin will surpass all other traditional assets in the next 10-15 years’ time. According to him, one of the major factors that will influence the massive price rally is that the millennials are moving from investing in traditional assets like fiat, gold, stocks, and commodities, and are looking forward to Bitcoin.