In 2018, Farmer Bluntz had predicted that bitcoin price will drop. Yesterday, he shared a tweet suggesting that BTC could see $ 12,000 very soon. In his tweet, Bluntz said that Bitcoin is moving towards this year’s highs.
Bluntz’s prediction for Bitcoin came after the downtrend seen in BTC. Bitcoin, which continues to trade at $ 11,300, has yet to surpass the $ 11,750 threshold, even though it has surpassed the lows it saw last week. Analysts think the drop in Bitcoin is due to the latest news feeds on the OKEx exchange.
Bitcoin Could Approach $ 13,000 Soon
Estimating that Bitcoin will drop below $ 3,200 in 2018, analyst Farmer Bluntz said that BTC has formed a significant breakout pattern and could soon reach over $ 12,000. In the chart he shared on Twitter, he said he predicted that Bitcoin would soon rise to $ 12,000 and then price near $ 13,000.