BITCOIN PRICE PREDICTION TO $16K “SOON-ISH” by Binance CEO Changpeng Zhao | BTC News Today

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Bitcoin Price Prediction

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Changpeng Zhao, the CEO of major cryptocurrency exchange Binance, shared a Bitcoin price prediction saying a BTC price of $16,000 per Bitcoin will happen “soon-ish,” in a tweet sent on Nov. 1.

Zhao explains that price predictions are easy, but getting the timing right is hard. He said: “Lol, price predictions are easy.

It’s just hard to be right about the timing. We will see $16k soon-ish.

1.4 billion people working on it as we speak.”

The message was an answer to the tweet of another user who pointed out that the prediction of an anonymous 4chan user predicting Bitcoin’s price would hit $16,000 by the end of October turned out to be wrong.

The given prediction also stated that BTC will hit $29,000 in the first quarter of next year, $56,000 in Q3 2020 and $87,000 in Q4 2020.

In other BTC News today, a custom technical signal that has predicted the 42% Bitcoin price jump to $10,500 flashes again, implying that BTC may soon mount higher.

The indicator doesn’t show where Bitcoin is headed, but there are some analysts expecting the cryptocurrency to reenter the $10,000 range in coming trading sessions.

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

News Resources From Today’s Show:

https://cointelegraph.com/news/bitcoin-price-will-see-16-000-soon-ish-predicts-binance-ceo-cz

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