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Max sees the BTC price climbing to $28,000 in the short term before seeing any major pullback and goes on to share that his $100,000 Bitcoin price prediction he made back in 2011 is still currently in play.
In other trending Bitcoin News today:
$100,000 Bitcoin Prediction From Three Arrows Capital CEO Goes Viral As BTC Holds Above $10,000
In a post on Friday, Su Zhu initially predicted that he expected Bitcoin to pull back to below $9,000.
“Reality is that markets frequently retrace one third or more in bull markets after local euphoria. BTC $8,800 and ETH $320 are perfectly healthy targets and your trading plan needs to incorporate nonzero probabilities to such levels.”
But the top cryptocurrency appears to be defying Zhu’s expectations as it continues to hold steady above support of $10,000. According to the executive, Bitcoin’s resilience is a sign that the top cryptocurrency will reach monumental heights.
“ETH $320 as a bottom made sense and played out; BTC I am actually flabbergasted by the strength shown at $10,000 and probably means $100,000 is more likely than $5,000 at this stage.”
In addition to Bitcoin, Zhu is closely monitoring the action in the decentralized finance (DeFi) space. He says there’s much to be learned from the craze and its various exit scams and scandals.
Zhu believes that while there’s a lot that can be improved in DeFi, the nascent sector has the potential to rise up and compete with the more established centralized finance (CeFi) markets.
In other trending Cryptocurrency news:
Top Strategist Outlines Path Ahead for Bitcoin, Ethereum, and XRP After Major Market Correction
“Bitcoin – finally, liquidity at the lows taken. Reclaim of $10,000 would mean a S/R flip and a very probable chance we’ll look for liquidity above the range highs. That would suit a bounce towards $10,750-10,900 and majority of the markets bounce 25-40%.”
“ETH is one of the coins you’d want to hold for the coming years. The lower, the better.”
“What is the level to hold for Ethereum? Clearly, it is the $245 area. If we get into this zone, that might be the long opportunity of a lifetime, if we get anywhere close to the weekly level around $245.”
Meanwhile, van de Poppe is looking forward to buying the dip in XRP.
The fourth-largest cryptocurrency has hit his first buy target at $0.2458 in the midst of a retracement, and Van de Poppe is eyeing support at $0.21245.
“XRP Takes ages, but we’ll get there.”
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Show Notes / News Resources:
– Max Keiser $400K Prediction Interview:
– $100K BTC Prediction:
– BTC, ETH and XRP Path Ahead:
DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky and so is investing into Cryptocurrency. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
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