Analyst Predicts Bitcoin Price Rebound Above $10,000 by 2019
Cointelegraph
Published Jun 22, 2018 10:00PM ET
Updated Jun 22, 2018 10:21PM ET
Analyst Predicts Bitcoin Price Rebound Above $10,000 by 2019
Todd Gordon, founder of TradingAnalysis.com predicted Bitcoin (BTC) to drop to $4,000 prior to a rebound above $10,000 by 2019 on CNBC’s Stock Draft June 22.
Gordon suggested that BTC will drop below $5,000, subsequently hitting $10,000 by the end of the year, citing significant market volatility to be the main reason. When asked to explain his estimates, Gordon cited a “beautiful uptrend,” and called the recent correction down from $19,000 “inconsequential” given the gains in BTC price since 2015.
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Written By: Cointelegraph
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