Famous for his accurate forecasts Bitcoin (Bitcoin) trader Masterluc has announced that according to his estimation the price of this cryptocurrency will reach $15,000 before the end of this year, The Cointelegraph reported.
He also shared his belief that Bitcoin will reach a price of $40,000 - $110,000 by the end of this bull run — approximately by the year 2019.
No matter how extraordinary these numbers might seem many traders have noted that Bitcoin has not yet gone parabolic as it did at the end of previous bubble cycles.
At the meantime Bitcoin’s price dropped to the support region around $3800 after a period of record-setting marching over several past weeks.
The price went as low as $3620 but later started to rise again and soon reached well over $3700, even touching above $3800.
Civic CEO Vinny Lingham also predicted a few days ago that Bitcoin’s price would plunge to this exact level before restarting to surge ‘to the moon’.
Masterluc is very widely known for being able to predict the November 2013 Bitcoin bubble and the subsequent bear market, as well as for his correct prediction of the present day Bitcoin’s price run which he made in 2015.