Bitcoin (BTC) will not stop rising until it hits $28,000, Max Keiser believes as the largest cryptocurrency gains over 20% in a week.<\/p>\n
In a series of tweets on July 27, the famously outspoken host of the Keiser Report forecast that BTC\/USD was headed for six figures after a correction period near $30,000.<\/p>\n
Keiser made the prediction as Bitcoin passed $11,200 during a day of surprises. As Cointelegraph reported, $10,000 managed to hold for longer than a matter of hours, and data indicated that this latest trip to five figures was sturdier than others in 2020.<\/p>\n
$28,000 is in play before we see a pullback - and then were heading to 6-figures, Keiser summarized.<\/p>\n
Well known for his optimism and heavy preference for BTC over other cryptocurrencies, Keiser further took a swipe at gold bug Peter Schiff. Schiff, who has been celebrating gold hitting all-time highs against the U.S. dollar, had previously dismissed Bitcoins rise.<\/p>\n
Its put up or shut up for Bitcoin its got to hold $10,000 now, he said during a debate with Morgan Creek Digital co-founder, Anthony Pompliano, on his YouTube channel on Sunday.<\/p>\n
Keiser had little time for this and Schiffs other arguments, claiming that in fact, the Bitcoin skeptic was secretly regretting his choice of gold.<\/p>\n
Somewhere, @PeterSchiff is puking his brains out right now, the same tweet reads.<\/p>\n<\/p>\n
Bitcoin versus gold 3-month chart. Source: Skew<\/p>\n
As Cointelegraph noted on Monday, gold is part of a safe haven boom which is seeing impressive performance across assets as the U.S. dollar weakens.<\/p>\n
Another giant stimulus injection from the Federal Reserve, inflating the money supply, has combined with geopolitical tensions and the ongoing coronavirus outbreak to produce unease among investors.<\/p>\n
At press time, BTC\/USD was circling $10,730 after reaching its local highs of $11,380 overnight.<\/p>\n
For Cointelegraph Markets analyst filbfilb, however, even flipping slightly lower levels as support would be a turning point for Bitcoin, with $10,500 formerly marking severe resistance.<\/p>\n
Breakout! $10,500 the level that needs to become support... then... then things get real interesting, he wrote on his Telegram trading channel.<\/p>\n
<\/p>\n
See the original post here: <\/p>\n
Bitcoin Will Hit $28K and Correct, Then Hit Six Figures Max Keiser - Cointelegraph<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin (BTC) will not stop rising until it hits $28,000, Max Keiser believes as the largest cryptocurrency gains over 20% in a week. In a series of tweets on July 27, the famously outspoken host of the Keiser Report forecast that BTC\/USD was headed for six figures after a correction period near $30,000 Continue reading