BitBoy Crypto, also known as Ben Armstrong, a contentious YouTuber, and influencer in the cryptocurrency world, has taken to Twitter to make a prediction about the price movement of Bitcoin this year.
BitBoy’s Latest Observation
BitBoy has noted that he is pleased with the positive sentiment in the crypto world, as Bitcoin recently surpassed the $18,000 and $19,000 marks on January 12th. However, the influencer does not anticipate Bitcoin reaching new all-time highs this year, but rather expects strong rallies in its price.
BitBoy predicts that Bitcoin is at the beginning of a run-up that could drive the value of the cryptocurrency to $25,000 or potentially even $30,000 within the next 10 to 15 weeks. He based this prediction on the current market conditions.
Bitcoin Appears Bullish
The recent turnaround in Bitcoin’s price has brought a dominant positive momentum, with the cryptocurrency trading above its 200-day moving average. This has given buyers reason to believe that they can purchase more Bitcoin at a lower price than its current trading value.
During one of Bitcoin’s bull runs, the cryptocurrency caused significant losses for bears by forcing the liquidation of short bets worth millions of dollars. According to Coinglass, the total for just January 14th was over $125 million, while the period between January 11th and 14th resulted in nearly $300 million in short liquidations.
Despite some difficulty for buyers in taking control of the market, Bitcoin is currently trading in a bullish pattern. The price needs to be pushed back up to $21,000 before sellers can consider their efforts successful.
Source: https://coinpedia.org/bitcoin/bitcoin-price-prediction-btc-price-to-hit-30k-in-the-next-10-15-weeks-ben-armstrong/