in blockchain •  9 months ago

Cryptocurrency and initial coin offering (ICO) expert Phillip Nunn made a prediction in January that Bitcoin would reach lows of $6,000 and highs of $60,000. Nunn recently reiterated his confidence in the prediction after the price of Bitcoin plummeted almost 18 percent last week.

Phillip Nunn, CEO of The Blackmore Group and Wealth Chain Group, piqued the interest of the cryptocurrency and investing communities in January of this year when he made a prediction that the price of Bitcoin, in the year of 2018, would reach a bottom of $6,000 and a high of $60,000. At the time of the prediction, the price of Bitcoin had pulled back a large percentage of its run-up to an all-time high in mid-December of almost $20,000 and was sitting at just over $10,000.FireShot-Capture-44-Bitcoin-6566.44-0.81-I-C_-https___coinmarketcap.com_currencies_bitcoin_.png

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yaa surely it going to reach because many institutianal money are gng to flood in the coming months

Waiting for the magical figures... 😎

I also believe that bitcoin can reach $60000 mark. Because we all aware of the fact that in the last quarter of 2017 the big players were entered in to the market and then we all know what happened. I think the same kind of things can happen this year also, when small investors will out from market by selling their bitcoins & altcoins at very low price & then big players will buy enter and then small players will not even get a chance to enter in the market. That's why i think instead of selling our coins we should hold.