Japanese cryptanalyst Mitoshi Kaku expressed the opinion that Bitcoin is on the verge of explosive growth. The expert believes that the price of the first cryptocurrency could rise to $ 5 thousand in the next 10 days.
I couldn’t have been a surprise at ALL, if the price goes straight to $ 5K in the next 10 days. The conditions are present TA-wise. Obviously, it’s possible that you’ll get it when it comes to price action. $ BTC pic.twitter.com/Usdpub8LNj
– Mitoshi Kaku (@CryptoSays) February 9, 2019
"I would not be surprised if the price goes straight to $ 5 thousand in the next 10 days … Obviously, such a move would require a strong catalyst, but everything is possible when it comes to price, " explained Kaku on Twitter.
Kaku's forecast was supported by other popular analysts. Some of them assume that the rate of Bitcoin can drop to $ 3.5 thousand, in order to bounce to the level of $ 6 thousand.
Nevertheless, many experts believe that the bottom of Bitcoin is still ahead. So, the founder of Civic cryptostartand Vinni Lingham expressed the opinion that the price of Bitcoin may continue falling below $ 3 thousand