Former Wall Street investor: Bitcoin is on track to reach $ 28,000

Tran Cong

The spike over the past few days has helped bitcoin to peak for the year at $ 11,380, which is expected to continue, and the uptrend is likely to extend to the end of the year.

"Bitcoin will not stop rising until it hits $ 28,000," said Max Keizer, a Wall Street trader.

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Keizer believes that the current trend is in favor of bitcoin and notes that the time between now and the end of the year is when bitcoin will see major corrections in value.

In a recent tweet, Keizer said, “The number of institutional investors entering the market is increasing and crypto funds are actively accumulating more BTC, big players they know what is waiting for them. before".

Talking to Morgan Creek Digital co-founder Anthony Pompliano, Keizer said that "now is a good time to enter, if you hold BTC above $ 10,000 don't worry, it's a nice price".

He added, “15,000 USD or 20,000 USD, I don't care, the target my team is aiming for is 28,000 USD… looks far away but it is possible, I believe bitcoin will make a new peak at this threshold this year or very late mid-2021, replacing the old peak of $ 20,000 in 2017 ”.

"The investment in bitcoin must be determined according to the long-term trend, do not pay too much attention to the small correction momentum," he stressed.

At the time of writing, the price of BTC has been hovering around $ 11,000 after hitting a high of $ 11,380.

bitcoin rate

Cointelegraph Market analyst filbfilb said the $ 10,500 level previously marked a key resistance for bitcoin but for now it is a major support. The act of retesting $ 11,000 will be a turning point for bitcoin in confirming the reversal, opening up a new uptrend.

"Things are going to get interesting if bitcoin sustains above $ 11,000 and $ 10,500 needs to become a major support threshold," filbfilb said.

Tran Cong
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