Max Keiser predicts Bitcoin to rise to $28 000

The renowned Bitcoin enthusiast and television host Max Keiser expects the price of the leading cryptocurrency to rise to $28 000 soon.

The $20,000 level for #Bitcoin won’t pose any resistance. We won’t see any resistance till $28,000. A brief pullback then the assault on $100 000 begins with renewed vigor. pic.twitter.com/8Fu3CzdFJa

— Max Keiser (@maxkeiser) August 1, 2020

According to him, Bitcoin will face no notable resistance up to this level, nor will the December 2017 high around $20,000 present resistance.

“A brief pullback, then a sprint to $100 000 with renewed energy,” Keiser’s forecast continued.

He has been predicting such a price since 2012, but in February he raised the forecast to $400 000. He did not specify a timeframe.

Earlier, Morgan Creek Digital co-founder Anthony Pompliano said that Bitcoin would rise to $100 000 by December 2020.

Popular crypto analyst Plan B, based on the Stock-to-Flow (S2F) model, calculated that Bitcoin would reach this level by the end of 2021.

Why analysts have concluded that applying the Stock-to-Flow model to the leading cryptocurrency is erroneous, read in ForkLog:

Astrology and marketing: analysts criticised the Stock-to-Flow model for Bitcoin

Subscribe to Forklog news on Facebook!