Bitcoin is about to explode.

[Mavalet]

Popular cryptanalyst and host of the TV show Cryptotrader on CNBC channel Ren Neuner is sure that the price of bitcoin"is about to explode." On October 7, he tweeted on his account:

"I just bought bitcoins for my parents. It is too obvious that the price will soar very soon."

Neuner's attitude to the price of bitcoin has almost always been optimistic. In a recent interview with the owner of the hedge Fund Michael Errington expert said that by the end of the year bitcoin will reach $ 25,000.

"I say this, because I think that there will be ETF, and I think that this will happen in the period from August to October, and this will lead us to around 25 000".

Despite the fact that the SEC has recently once again rejected applications for the creation of several bitcoin ETFs, the crypto expert remains optimistic about the upcoming price rally. In another tweet posted shortly after the first, he writes:

"Around this time last year, over 5 weeks, BTC rose from $6,691 (November 11) to $20,000 (December 17). The reason was the waiting factor and the launch of a futures contract for bitcoin. The ETF is a much larger deal..."

The launch of the Bakkt digital asset platform, organized by the Intercontinental exchange, can also play an important role in this regard. Industry experts hope that this will pave the way for institutional investors to enter the industry.

https://bitcoinist.com/ran-neu-ner-bitcoin-is-about-to-explode/

[Oduvan]

Of course, I am not against such promising forecasts, but my personal opinion is that it is very unlikely, as it seems to me, the Bitcoin rate will not exceed $ 10,000 by the end of the year!

[Beattysuhita]

for us to continue to wait, when will it improve, I am not sure, because this is decentralized, so the price increase is really affected by demand, because the problem is still unstable. I think at the end of the year I experienced a higher surge.

[hsyncl]

I, unfortunately, do not think that there will be as much as the last period. There may be rises in about 10k but I don't think more will happen.

[getto]

The cryptocurrency market is currently in a spasm of uncertainty as recent industry news sparks an ongoing selloff that has resulted in Bitcoin slipping below the $8,300 level in a one-month low.