Crypto News Flash #187: BTC Price Might Touch $60000 By The End Of 2018 -- Crypto Expert Remains Resolute On January Prediction

If we look at the current market situation, then we're certainly in downtrend. Bitcoin seems to going down and down or trading sideways every single day for last few days. No one knows if BTC has bottomed out yet. Majority of people are expecting a further BTC price flush before any Bullish movements.

But there are some Crypto experts who still believes that BTC is going to Bullish soon enough and will touch $60000, let alone $20000, by the end of year 2018.

Yes, you heard it right. I am talking about $60000. 

Philip Nunn, the CEO of The Blackmore Group and Wealth Chain group, piqued other people's interest in cryptocurrencies when he made a prediction in January that price of Bitcoin will see a low of $6000 and high of $60000.

The first half of his prediction came true in February when BTC price fell below $6000 but when it comes to his other half prediction, people are more skeptical. People don't believe that BTC would surpass its last year's high i.e. $20000, let alone $60000 by judging the current emotions in the market. 

Market capitalisation is getting lower day by day and volume has been declining ever since market came down under bearish phase in January.

But Nunn remains confident about his price prediction still. He told Business Magazine that:

The reality is we’re moving from an internet of information to an internet of value. It’s going to disrupt everything; money, record-keeping, legal.

Well, I personally can't comment on his prediction but statements given by people like him certainly brings some hope back to the crypto investors who invested in December 2017 and currently sitting with huge losses. 

Thanks for reading ...!

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