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In a recent interview with Cointelegrpah, Max Keiser, host of the Keiser Report reaffirms his $400K Bitcoin price prediction while ETH, BSV, BCH, and DeFi scams go to Zero.
Max sees the BTC price climbing to $28,000 in the short term before seeing any major pullback and goes on to share that his $100,000 Bitcoin price prediction he made back in 2011 is still currently in play.
He recently increased his $100,000 Bitcoin prediction to $400,000 because he’s completely confident in that BTC will compete with gold.
In other trending Bitcoin News today:
$100,000 Bitcoin Prediction From Three Arrows Capital CEO Goes Viral As BTC Holds Above $10,000
A Bitcoin prediction from the CEO of the fund management firm Three Arrows Capital is going viral.
In a post on Friday, Su Zhu initially predicted that he expected Bitcoin to pull back to below $9,000.
“Reality is that markets frequently retrace one third or more in bull markets after local euphoria. BTC $8,800 and ETH $320 are perfectly healthy targets and your trading plan needs to incorporate nonzero probabilities to such levels.”
But the top cryptocurrency appears to be defying Zhu’s expectations as it continues to hold steady above support of $10,000.
According to the executive, Bitcoin’s resilience is a sign that the top cryptocurrency will reach monumental heights.
“ETH $320 as a bottom made sense and played out; BTC I am actually flabbergasted by the strength shown at $10,000 and probably means $100,000 is more likely than $5,000 at this stage.”
In addition to Bitcoin, Zhu is closely monitoring the action in the decentralized finance (DeFi) space.
He says there’s much to be learned from the craze and its various exit scams and scandals.
Zhu believes that while there’s a lot that can be improved in DeFi, the nascent sector has the potential to rise up and compete with the more established centralized finance (CeFi) markets.
In other trending Cryptocurrency news:
Top Strategist Outlines Path Ahead for Bitcoin, Ethereum, and XRP After Major Market Correction
“Bitcoin – finally, liquidity at the lows taken. Reclaim of $10,000 would mean a S/R flip and a very probable chance we’ll look for liquidity above the range highs.
That would suit a bounce towards $10,750-10,900 and majority of the markets bounce 25-40%.”
As for Ethereum, Van de Poppe still believes in the coin’s long-term bullish potential even amid the heavy correction.
“ETH is one of the coins you’d want to hold for the coming years. The lower, the better.”
Although the trader remains optimistic that ETH will eventually regain its bullish tone, he’s not eliminating the possibility that the second-largest cryptocurrency can go below $300.
“What is the level to hold for Ethereum? Clearly, it is the $245 area. If we get into this zone, that might be the long opportunity of a lifetime, if we get anywhere close to the weekly level around $245.”
Should Ethereum hit support at $245, Van de Poppe says the pullback could set up the coin for a major rally to $800.
Meanwhile, van de Poppe is looking forward to buying the dip in XRP. The fourth-largest cryptocurrency has hit his first buy target at $0.2458 in the midst of a retracement, and Van de Poppe is eyeing support at $0.21245.
“XRP Takes ages, but we’ll get there.”
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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.
Show Notes / Resources:
One of the massive levels of $ETH is coming up.If you want to catch a long, that’s one of those zones.
First bounce area towards the $400 zone.$ETH is one of the coins you’d want to hold for the coming years.
The lower, the better. pic.twitter.com/sm1iPgbGYi
— Crypto Michaël (@CryptoMichNL) September 5, 2020
https://dailyhodl.com/2020/09/06/top-strategist-outlines-path-ahead-for-bitcoin-ethereum-and-xrp-after-major-market-correction/
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