Bitcoin can grow by 10 times!

13.11.2020, 12:00

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Despite the fact that the crypt currency has been corrected and is currently traded at around $15400, analyst Josh Ranger suggested that the asset may soon take off even further.

Bitcoin can grow by 10 times! новость на VisionWallet

Soon Bitcoin may grow by 900%. 🤑

Despite the fact that the crypt currency has been corrected and is currently traded at around $15400, analyst Josh Ranger suggested that the asset may soon take off even further. Ranger noted that "every time a bitcoin closes above the previous monthly high, this is followed by a take-off of 700% to 1,000%.

The first such scenario, shown in the chart above, happened in 2013. In January, the BTC's monthly close was about $20, which was the same as the previous monthly high. Soon after that, the main crypt currency jumped to about $150, or almost 700%. Similar events took place twice in 2014 and in 2017. 

Now Ranger believes that "November may be the first close of the month with the previous high. If his forecast is realized, Bitcoin will find itself in the territory with a six-digit price. A 700% increase would raise the BTC to $120000, while a 1000% jump would raise the price to $170000 per coin.