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The website Finder surveyed 10 FinTech capitalists, who, despite an expected BTC pullback, forecasted a strong Bitcoin in June, which would boost the world's most popular cryptocurrency as high as $9,659 by the end of 2019.
10 FinTech capitalists, including executives from hedge funds Arca and BitBull Capital, were surveyed by the United States comparison website Finder.
The website put together the panel of 10 FinTech experts to discuss just how high the prices of cryptocurrencies can go and whether or not the average Joe should invest in digital assets.
5 out of 10 panelists indicated that they do believe that now is the time for investors to stack up on some extra Bitcoin.
4 of the panelists think Bitcoin will exceed its all-time high price of around $20,000 during this bull run, however, half of the panelists think this bull run will be followed a similar crash as the one we have seen in December of 2017.
Although the results of the survey show that most of the FinTech capitalists expect Bitcoin to experience a pullback from its current $8,000-level, they predicted Bitcoin's price to go as high as $9,659 by the end of 2019.
Just recently Chepicap reported that popular analyst Magic Poop Cannon, in a recent TradingView post, explained that Bitcoin is in fact, in the midst of a downtrend channel.
However, MPC explains that if BTC can hold the top of this channel and break out to the upside, a target price of $14,000 is more than possible.
Here's How I Can Explain Bitcoin's Price Action Perfectly! (BTC) - #BTCUSD chart https://t.co/B515XOp1pg
— MAGIC (@MagicPoopCannon) May 20, 2019
Some point out that we will have a chance to buy BTC at $6,000 soon enough, and that it isn't time to FOMO in.
You'll have a chance to buy at $6000 soon. Don't FOMO in now and don't forget to buy once it dumps ;)
— Livercoin (@livercoin) May 20, 2019
Where do you think Bitcoin is headed? Will we see $14,000, before we see $6,000? Let us know in the comments below.
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