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Popular Crypto analyst, Kraken and Bitcoin Magazine editor, Pete Rizzo called BTC cycle price tops “psychological attacks on Bitcoiners” and predicts Bitcoin to hit $500K this year.
“If Bitcoin wants to create a top, it going to have to convince some of the never-sell-Bitcoin bulls to give up some Bitcoin,” he said.
“I’m confident in the Bitcoin technology’s ability to coax sellers back to the market, and the price at which it does so will likely be higher than we can posit currently because it’s an attack on us.”
Rizzo casually mentioned now-commonplace figures ranging from $300,000 to $500,000 — “high enough to really wow.”
In other trending Bitcoin News today: Ethereum hits new ATH after Altair upgrade shows clear path to the merge.
The price of Ether (ETH) has bounced to a new all-time high (ATH) on Friday as it hit $4,400.97 at around 1:02 am UTC, according to the ETH/USD price indexes on Coinbase and CoinMarketCap.
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