Bitcoin Bounce New Prediction Is In – How High Can BTC Go?

There are more and more optimistic predictions about the Bitcoin price these days. Check out the latest one below.

It’s been just revealed the fact that a popular crypto strategist who nailed Bitcoin’s (BTC) 2018 floor price believes that the king crypto is gearing up for a bounce after yesterday’s drop to around $26,500.

Prior to the BTC price dip, pseudonymous analyst Smart Contracter said recently that Bitcoin was flashing signs of bullish exhaustion on the one-hour chart and could retrace toward his target at around $26,000.

“Momentum on BTC starting to wane. I think we may get an early week retest of $26,000.”

Smart Contracter says that the BTC pullback is likely now complete and he also made sure to explain the fact that it is unlikely that the king crypto will revisit high timeframe support at around $25,800.

“Ok we swept the lows on BTC. Minimum target for retracement has been met. I dont think we will get that picture perfect high timeframe retest.”

At the moment of writing this article, BTC is trading in the red and the king coin is priced just below $27k.

According to the latest reports, in a new YouTube update, Wood says that Bitcoin’s decentralized nature and scarce supply will attract capital looking for a superior store of value compared to what has historically been available to them.

“[Bitcoin is] playing the store of value role right now. And, if the global monetary systems right now, shall I say, lose the confidence of people generally, there will be a shift to more crypto from a store of value point of view, certainly.”

She continued and said:

“What will happen then, is the price of Bitcoin – remember there are only two million more to be minted – the price of Bitcoin will go through the roof.”