Have we already reached the maximum that Bitcoin can achieve this year? CNBC says Bitcoin will go higher within five months
The bullish one Brian Kelly of CNBC’s Fast Money said today that Bitcoin profits can be extended to a full year after the halvingwhich many members of the crypto community on Twitter immediately perceived as an important sales signal.
In a November 12 interview on CNBC, Kelly said Melissa Lee presenting that The rise of high-profile and institutional investors towards Bitcoin (BTC) could mean a bullish future for the cryptocurrency. When asked about a price prediction, he said:
“There is a lot of space for the ascent. Most of the gains come in the year after the halving, and we are seven months after the halving this year, and Bitcoin is doing what it should be doing. “
Lee concluded, “So It could be another five months here with pretty good profit“.
Instead of looking forward to traditional hedging and upward price predictions, Twitter users were quick to joke that this meant the bullish rally was over, on a topic that has circulated among Bitcoiners since 2017: always do the opposite of what CNBC suggests..
Bitcoin is recovering! The cryptocurrency topped $ 16,000 today for the first time since 2018 as investors re-entered the business. Bitcoin baller @BKBrianKelly Check out what could be fueling the bullish boom. pic.twitter.com/6cUegXrhPW
– CNBC’s quick buck (@CNBCFastMoney) November 12, 2020
“When these two tell people to invest, it’s time for us to sell.” said Twitter user MrDecentralized.
“This is Bitcoin’s death sentence,” said Crypto Emporium. “It was fun while it lasted. $ 3,000, let’s go.”. Blockroots founder Josh Rager told him conjured up to CNBC: “DELETE THIS TWEET.” Others expressed their thoughts in memes, three-word responses like “We made it to the top” and disapproval by tweeting that the “free ride” was over.
Many of CNBC’s predictions about the cryptoasset have proven less reliable over the years.. In March 2018, after Bitcoin fell below $ 10,000, the chain became tweeted That was a “buy signal” for the Cryptoasset. Bitcoin fell below $ 7,000 in April.
To the Print time, the price for BTC is $ 16,430up 4.9% in the last 24 hours.
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