Hot Off the Press: Bitcoin Price To Reach $28,100

cryptocurrencies bitcoin price

Analyst Predictions of a Bullish Bitcoin Price Target of $28,100

A cryptocurrency analyst who goes by the Twitter handle ScienceGuy9489 has predicted that Bitcoin price will reach a bullish price target of $28,100.

In his prediction, the analyst also talked about a few other top cryptocurrencies like Ethereum and Litecoin, which he predicted to reach $2,090 and $650 respectively. ScienceGuy9489 also predicted that Ripple will shoot up to $4 per XRP.

Why Will Bitcoin Price Go Up?

Predictions by ScienceGuy9489 are widely regarded by the crypto community due to the recent events surrounding him. First, his emergence from an elongated absence from the crypto scene is the subject of scrutiny. His last appearance actually predates the peak of the last bull run over a year ago.

ScienceGuy9489’s habit of not just predicting price targets, but also the expected dates for such targets fascinates the crypto community.  His successful predictions have earned him credence within the community. An example of this is the validation of a bullish call recently that saw Bitcoin price rise by nearly $1,000, outperforming the process of the last two months combined.

What Will Happen Around $5,200 Bitcoin Price?

A new prediction by him drawing a lot of attention is: what will happen around the $5,200 resistance region of Bitcoin?

In a Twitter post, this analyst has predicted that a confirmed breakout above the $5,200 price for Bitcoin will kickstart another significant bull run.

He says:

“BTC breaking out above $5,260 will cause another bull run. ETH, LTC, XRP, XLM, and other cryptocurrencies are being held back by this. Expect big gains there when this Bitcoin resistance is broken (and sustained).”

As mentioned in his tweet, this is also one event that will affect the price movement of a number of other top cryptocurrencies, as they are all expected to tail Bitcoin in this movement. However, ScienceGuy9489 notes that failing to overcome this resistance might see a pullback in prices. A situation that he considers good enough for traders to go short.

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