The bulls are now fully in action after days of complete hibernation. Few minutes ago, Bitcoin (BTC) touched 9,074 USDT on Binance, giving its enthusiasts a rest of mind that the digital currency will surge further any moment.
After the huge surge from 8600 USDT region to 9074 USDT, Bitcoin returned to its previous level, trading around 8666 USDT on Binance exchange.
Meanwhile, available data on CoinMarketCap reveals Bitcoin is changing hands at $8768 with a market cap of $155 billion. BTC dominance has fallen to 55% at the time of filing this information.
With the look of things, the bulls are ready to move Bitcoin above the $9000 mark any time from now. The level has been predicted by crypto analysts, however, Bitcoin has not successfully stayed above the level for long.
There is indication that the price of Bitcoin will return to that level since BTC continues to swing from one back and forth in the market.
There is high expectation that the gearing up bulls will push Ethereum, Ripple’s XRP, Litecoin and some others up, the same way the 2017/2018 bull pushed top digital asset exceedingly high.
Bitcoin (BTC) Bullish Predictions
Bitcoin has just surpassed 9,000 USDT resistance level, but later retracted below 8700 USDT. This is beginning to vindicate some cryptocurrency analysts that have predicted bull run for BTC price.
Optimisms of the likes of John Mcafee, Tom Lee, Tim Draper, Omar Bham and others have been so resolute. They persistently defend their stands as enthusiasts in the crypto sphere watch Bitcoin’s market proceeding to the top.
Tom Lee pinpointed some signs indicating that Bitcoin will surpass beat its price All Time High by the end of 2020. However, he didn’t actualise BTC price in his prediction.
John Mcafee’s prediction cannot be omitted due to his specification of $1 million for Bitcoin (BTC) by the end of 2020, when Omar Bham made reference in support of McAfee’s enormous forecast, stressing that only a linear thinker will be perturbed by it.
Tim Draper, the founder of Draper University, also predicted that Bitcoin will be $250,000 by 2020. Hope is alive for the cryptocurrency enthusiasts, BTC is not retracting. The bullish season is possibly here.