Crypto Analyst: Bitcoin Has ‘Enormous Upside’, Potential to Hit $300K – BTC, XRP, Ethereum, Litecoin, Stellar, Tron, EOS, Bitcoin Cash Forecasts

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A strategist who called Bitcoin’s crash in January of 2018 says he believes investing in Bitcoin is now a no-brainer with enormous upside for smart traders.

Peter Brandt told BLOCKTV Bitcoin has a 50% chance of total failure and a 50% chance of entering a new parabolic rise that could bring the price of BTC from $50,000 to $300,000.

“I think we’re going to $50,000 but I don’t know when. Here’s how I look at it: I’m a gambler. And I don’t know anything about [Bitcoin]. But I don’t have to know anything about football to bet on the New England Patriots. I could be a rugby player and bet on that.

And so I look at Bitcoin and I say there’s a 50% chance it goes to 0 – it becomes worthless – that the whole narrative is a big scam. But there’s a 50% chance we could go parabolic again. And if we go parabolic again, we can go up to $300,000. So, it’s a no-brain decision from a trader’s point-of-view because it’s an asymmetrical trade. It’s a trade that if I manage the trade correctly, I have relatively low downside risk. But if I manage it correctly, I could have enormous upside potential.”

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Right now, Bitcoin is down 2.52% at $7,773 according to Coin360. Ethereum is down 4.01% at $245.43 and XRP is down 5.3% at $0.3897.

CoinDesk analyst Omkar Godbole says Bitcoin’s quick recovery from $6,178 has BTC now targeting a short term rise to $8,500.

Bitcoin

CoinDesk – BTC’s recovery from Friday’s low indicates “buy the dip” mentality is strong

FXStreet – Bitcoin in a sideways trending motion between $7,750 and $8,250

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Ethereum, Bitcoin Cash, Stellar, EOS, Tron

Blockonomi – Signs of weakness emerge, but more upside likely

AMBCrypto – ETH and TRX bulls race to the top

NewsBTC – Crypto alts likely to accelerate higher: BCH, XLM, EOS, TRX Analysis

XRP

Live Bitcoin News – XRP likely to grind higher towards $0.48

Crypto Potato – If bulls can push above $0.46, further resistance lies at $0.48 and $0.50

Litecoin

Ethereum World News – LTC primed for more gains above $100

Blockonomi – Litecoin needs to hold above $90 for further gains

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.