Bitcoin Price Will Jump Past $11,500 Soon – Crypto Bull
Bill Baruch, a cryptocurrency analyst / Bull who predicted both bitcoin’s crash and rally, has set a near-term bitcoin price target of $11,500 to $11,800.
Baruch who is the president of Blue Line Futures, has a good record for bitcoin price predictions. In February 2018, when BTC plunged to $7,200 during the market correction, Baruch confidently forecast that bitcoin would return to $10,000.
In March 2018, bitcoin’s price cleared a high of $12,971, and averaged about $10,500.
Baruch is also confident that cryptocurrency prices will continue to rally now that Tax Day in the United States has passed.
Baruch said on CNBC: “After fighting regulation headwinds and tax selling, the path of least resistance is higher, and I believe the sector still has much more upside in the long run, The ultimate upside is $11,500 to $11,800.”