As Bitcoin price climbed above $68,000, analysts seemed to disagree over its next move. Some, including Max Keiser, expect a return to the new all-time high of $220,000. Others are more cautious and warn of a correction before further upswing.
The mixed predictions come at a time when the Bitcoin signal is indicating both bullishness and short-term weakness.
Max Keiser Predicts $220K as Gold’s Rise Fuels Optimism
Max Keiser, a prominent Bitcoin advocate shared his prediction on X (formerly Twitter), anticipating that Bitcoin is likely to surge to around $220,000 sometime soon.
The new ATH Gold price is predicting Bitcoin will trade over $220,000 very soon.
— Max Keiser (@maxkeiser) October 18, 2024
He bases this bold forecast on the new all-time high for gold, which recently hit $2,714 per ounce. Regarding the future price, Keiser is convinced that as gold increases, Bitcoin which the majority regard as ‘digital gold’ will inevitably go up in price.
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