Bitcoin Price Hits $4,000: Is this the Start of a Bull Run?

[Goodcat49]

The short-term rebound on February 19, saw Bitcoin surge to the $4,000 price level, leaving several cryptocurrency investors hooked and some analysts keeping their attitude inert. Bitcoin could “melt our faces off” in the long run with an amazing rebound.

While the last cycle gave back around 16x, as Bitcoin swung from $1,200 to $20,000, the next trend could likely bring much higher returns. According to Survivalism, a financial revolution prepper, a pump to around $750,000 seems to be irrational.

Zhu Fa, co-founder Poolin, recently predicted that the peak of BTC’s next rally will hit approx. $740,000. Zhu remains cautious claiming that his forecast contains a considerable margin of error.   

The figure $750,000 from Survivalism comes a few days after taking a 0.1 BTC bet with a partner at Adaptive Capital,  Murad Mahmudov, that Bitcoin will reach $1,165 before $10,000 to get on its next big rally. 

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/start-bull-run/