As bitcoin price hit all-time highs above $50,000, experts believe the presidential cryptocurrency could keep growing. According to Uzaman and analysts, BTC can now reach tremendous heights. The goal of one of these experts is $80,000 in the coming months.
CEX.IO CEO Konstantin Anissimov believes that Bitcoin can definitely hit $80,000 by the end of the second quarter of this year. In addition, Konstantin Anissimov explains that this goal may come sooner than expected. Acclaimed analyst Carlos Terenzi also explains altcoin projects that could rise in the coming weeks.
Konstantin Anissimov: Bitcoin can reach $80,000 by the end of the second quarter!
Konstantin Anissimov, Chief Executive of CEX.IO, points out how Bitcoin went from $30,000 to $40,000 and then to over $50,000. But according to Konstantin Anissimov, the current levels may not be the end of the bull market for the presidential cryptocurrency. The analyst expected the leading cryptocurrency to hit $50,000 in the first quarter of this year.
Now that BTC has reached that target, the next step could be for Bitcoin to hit $80,000 by the end of Q2, according to the analyst. However, according to Konstantin Anissimov, this price level could come earlier than expected if the market continues to rise. Regarding the bet, Konstantin Anissimov said:
The cryptocurrency has already achieved this, which shows that its price is moving faster than assumed compared to the stock-flow model. This could indicate that other milestones could come sooner than expected as we anticipate BTC could hit $80,000 by the end of Q2.
Konstantin Anissimov also says that the market is extremely unpredictable
Konstantin Anissimov also says that the crypto industry is extremely unpredictable. According to the analyst, this means that cryptocurrencies can surge higher in a matter of seconds and without waiting. For example; Binance Coin (BNB) has hit a price of $340 this year after trading at just under $4 in 2018.
In the past few days, BNB has grown by over 100%, making it the third largest cryptocurrency in the world with a market cap of $40 billion. However, BNB is far from matching Ethereum (ETH), the second largest cryptocurrency with a market cap of $185 billion.
Carlos Terenzi: These 4 altcoins could rise in the coming weeks
According to the well-known analyst Carlos Terenzi, amid cryptocurrencies that could start rising in the coming weeks Ethereum (ETH), Litecoin (LTC), Cardano (ADA) and Polkadot (DOT). This, too, may change over time, according to the analyst. According to Carlos Terenzi, the real question is whether Bitcoin can reach $100,000 and whether that will happen in the next few months. As companies continue to invest in Bitcoin, new highs are expected from the market.