Btc predictions june 2018 - event
How Bitcoin Price Predictions Changed from January to June
Ever since Bitcoin hit the ATH mark of $ in December , some experts have been super bullish about the cryptocurrency. The price slippage of Bitcoin in the weeks that followed left the community and investors in shock. Many investors entered the market &#;too late&#; to make any profits and are either holding on or have cut their losses.
From the beginning of the year, some Bullish investors have predicted the Bitcoin Prices or the Up trend and have been wrong or seems very unlikely now. So just for fun, I decided to dig some of the predictions that the crypto market seems likely to dishonour or have already done that by now.
Remember, we are only looking at some predictions of High BTC prices and the news articles that reported it. The predictions made in June are far more conservative than those made in January. The exercise to understand that, Cryptocurrency is still a very small and speculative market and analysts can be wrong most of the time.
Contents
January Predictions
In January, Bitcoin prices were slowly correcting from its ATH value but experts were super bullish on the prices. What did the experts predict?
- Kay Van Peterson from Saxo Bank and Dave Chapman from Octagon Strategies predicted Bitcoin to hit $k by the end of . Source
- Julian Hosp from TenX predicts Bitcoin to hit $60k by end of . Source
- Xoel Lopez Barata used Simulations to determine the BTC prices for and he came with the range of $ to $. That&#;s a very long range and yet BTC prices are far below the minimum today. Source
- Palwasha Saaim on Profit Confidential has put a target of $ for BTC by the end of Source
- Jeet Singh predicts BTC to reach $ by end of . Source
February Predictions
February this year washed off a lot of bullish theories on Cryptocurrency prices. Bitcoin lost 50% of its value from January. Trading over USD in January, Bitcoin was now at $ in February. However, in the same month Bitcoin rallied back upto USD before crashing the following month.
Most news feed on Bitcoin prices were negative in nature and some had corrected their predictions. This is what the analysts predicted in February.
- Fundstrat&#;s Tom Lee Predicts BTC will reach $ By mid year and $ by end of . Source
- A survey of 12 Financial Analysts Predicted BTC Prices to be at $ by July . Source
- Palwasha Saaim changed the BTC price target to $ from $ by the end of . Source
- A report published with analysis from 9 investors predicted Bitcoin to reach $ on March 1, and $ on December 31, . Source
March Predictions
By the end of March, BTC prices were already below $ All the bullish theories from December and January were now looking difficult to match. But the market analysts were not giving up on it. Lightning network was being pushed. John McAfee was making huge predictions. The headlines were all over the place
- John McAfee revised BTC price prediction from $k to 1 Million by the end of . Source
- A survey of analysts claim BTC prices will soar past $ by the end of . Source
- Palwasha Saaim maintained the earlier prediction of $ by the end of . Source
- A Survey by tallerembajador.com.mx revealed that Bitcoin Price may be over $ by December . Source
April Predictions
While people had already started to lose hope on Bitcoin prices, the prices saw an uptrend by the end of the month. Back in India, the country&#;s central bank has announced a decree to virtually ban cryptocurrency. The analysts were once again hopeful and the newsfeed was pull of positive high value price predictions
BTC touched $ in the month of April from slumping to $ in March.
- Cryptocurrency investor Tim Draper predicts $k price of BTC by and $ by the end of . Source
- John Pfeffer, a partner at his London-based family office Pfeffer Capital predicts the price could go to $k, no time frame though. Source
- Pantera Capital&#;s Dan Morehead calls for $ by the end of and $ as the bottom for BTC. He already has been proven wrong about the bottom as BTC reached $, the lowest point in this week and is trading at $ at the time of this writing. Source
- Palwasha Saaim did not predict BTC price but predicted LTC price to go to $ in Source
- Popular Youtuber and analyst Philakone predicts $ by the end of . Source
May Predictions
By the end of May, Bitcoin prices have been steadily declining and there seems to be no recovery. Some analysts started predicting prices for instead of Some stayed Bullish and some stopped commenting all-together. What was in the news in May ?
- Max Keiser, a long time BTC investor predicted BTC to hit $ ATH in short term and $k in long term. Source
- Trace Mayer, famous for using his Mayer Multiple analysis to predict the price, says Bitcoin can hit $k by end of . Source
- Tom Lee holds on to his prediction of $ by the end of . Source
- Nicholas Merten, a popular youtuber predicted $ by end of . Source
- John McAfee Predicts $ by end of June. Today, June 26, BTC price is ~ $ Source
- Spencer Bogart, a Blockchain investor predicts Bitcoin will be higher than $ by the end of . Source
June Predictions
We are in this month now and BTC still hasn&#;t stopped slipping in price. BTC did not meet any of the mid-term predictions of and definitely lost the bottom that was expected as well. So what are the experts saying now?
- Finder&#;s forecast released this month put a end of year value of Bitcoin to $. Source
- Stock analysts have reduced the forecast to $ by the end of . Source
- Todd Gordon, founder of tradinganalysis predicts BTC to drop to $ and close over $ by the end of . Source
- Analysts put values of Bitcoin from $ to $1 Million for . Source
What do you think of the predictions? Let us know in the comments below
Published inMarkets and Prices
Naimish Sanghvi is the founder of Coin Crunch India and have been reporting on Cryptocurrencies since He has worked in Deloitte, Infosys, Network18 before deciding to start Coin Crunch.
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