Bitcoin Price Will Not Hit 50,000 This Year, Claims the Famous Crypto Analyst Ran NeuNer
HodlX Guest Blog Submit Your Post
On February 1st, Ran NeuNer tweeted that Bitcoin (BTC) will reach $50,000 by the end of the year. Ran is also known as the host of CNBC’s CryptoTrader show.
However, this did not last. Ran has changed his mind and explained that Bitcoin would not reach $50,000 anymore due to the state of the market. He tweeted, “For the record, I am pinning this tweet. Bitcoin will not finish 2018 at $50,000.”
Also, he explained why Bitcoin would not hit the target by tweeting, “Given we are in a bear market and no good news is moving the market, I can’t see a $50k BTC this year.”
This did not stop the Bitcoin community from celebrating the 10th anniversary of Bitcoin’s whitepaper. Bitcoin kept trading in the same ranges between $6300 and $6500.
As we are currently two months away from ending the year, do you think Bitcoin will reach $10,000 anytime soon? Noting that the coin was trading at $20,000 in mid-December 2017.
Disclaimer: The opinions of our guest writers are solely their own and do not reflect the opinions of The Daily Hodl. These opinions expressed are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin or cryptocurrency. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility.