Another Bullish Prediction as Bitcoin's Market goes Bull
Phillip Nunn, chief executive officer of Manchester-based investment firm Blackmore Group, is standing by his bullish prediction that the bitcoin price will reach $60,000 in 2018, according to BusinessCloud.
- source
As this week's bitcoin market has found bullish behavior, bullish prediction were getting strong. There are lot of bullish prediction in this year's 1st quarter. These predictions were shut down because of the volatility and downward trend in its market. But after it shows bullish behavior, this $60,000.00 price prediction comes alive and found basis that it can happen. (Lucky for the HODLERS if it happened by this year)
This $60,000 price prediction was stated before by Phillip Nunn and he strongly believe it will happen because it shows signs of bullish market. Nunn also advises projects like initial coin offering (ICO) and stated the cryptocurrecy flagship (bitcoin) will goes to $6,000 and $60,000 this year.
“The prediction was based on, first of all, market volatility which we’re experiencing at the moment; I think that’s really apparent. I absolutely stand by my prediction."
-Phillip Nunn
He also added that the money that existed currently in the cryptocurrec space came from the public (not from institutional investors). For him it means, "it's all about market sentiment" and "implies that a flood of bad news" are hurting the market, "market manipulation" because of industries size is small.
source: www.coinmarket.com. As time of writing, Bitcoin is trading at $6,636
Here are my sources:
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