Analyst Timothy Peterson, who predicted in July that the price of bitcoin would exceed $10,000 with a 90 percent probability, also assessed the possibility of $ 17,000 by the end of the year.
Bitcoin Price Is 30 percent Likely To Be $17,000
Peterson suggested that the leading cryptocurrency was about 30 percent more likely to reach $17,000 over the rest of the year.
The same name also made striking comments about LINK, the most exclusive cryptocurrency of recent times. Peterson noted that the link could increase the value of the network by up to 10 times, which would increase the price to about $50. The analyst estimates that once the cryptocurrency reaches that level, it will remain in a narrow gap for about a year. and he stresses that this has happened twice before.
Bitcoin is trading at $12,138 in news minutes. LINK, which reached a new record with $20 today, found buyers at $18.69. As more money enters altcoins, bitcoin’s Sunday share continues to fall. BTC dominance is at 58.9 percent, according to the latest data. Its total market capitalization also exceeded $370 billion, reaching a point not seen since June 2019.
