The leading cryptocurrency Bitcoin [BTC] has over-crossed its $11,000 USD price line for the primary time since March last year today, in line with CoinMarketCap. BTC had surged past the $10,000 USD benchmark in just less than 24 hours.
Bitcoin is presently trading at a price around ‘$11,122 USD‘, up a notable almost 13.15 % within the past 24 hours, at the reporting time. Meanwhile, major Altcoins have conjointly surged, with ‘ETH’ seeing a multi-month high near to ‘$310 USD‘.
Just yesterday, renowned trader named ‘Peter Brandt’ tweeted that the price of the bitcoin is presently taking aim towards its $100,000 USD target.
Within his tweet, Brandt outlined that bitcoin is following its 4th parabolic growth phase and is a market like no other:
“Bitcoin [BTC] is taking its aim for $100,000 USD price target. $btcusd is experiencing its 4th parabolic phase dating back to 2010. No alternative market in my 45 years of trading has gone parabolic on a log chart in such a manner. BTC is a market alike no other.”
Attached to the tweet, Brandt conjointly added a table containing information table regarding the price growth of bitcoin. In line with the table, from Oct. 2011 to Dec. 2017, BTC exaggerated its price value 9,765-times.
Among the responses to the post there are several scam attempts, advertising faux Bitcoin and Ethereum ‘giveaways‘ from Brandt.
Earlier in May, the co-founder of blockchain investments firm named ‘Kenetic’ made his prediction that the value of bitcoin can rally as high as $30,000 USD by the end of this year.
Also this month, the founder & chief executive officer of ‘Digital Currency Group’ ‘argued‘ that it “looks like, perhaps, we are setting out of the ongoing cryptocurrency winter and we’ve entered a crypto spring,” according to his recent interview with Bloomberg.