Bitcoin Breaks Through $7500, Looks Set To Hit $10k Before The End Of The Month

Fintech Experts Predict that Bitcoin’s Price May Rise 84% by 2019’s End

In a stirring and interesting turn of events that excited both Bitcoin proponents and the entire cryptocurrency market in general, the world’s first and largest decentralized cryptocurrency, experienced a price surge which saw its value shooting up by more than $1000 in a period of 48 hours. Bitcoin has now successfully hit and crossed the $7,000 mark and still continues to climb.


Bitcoin has been on a remarkable upward trajectory for more than a few days now. It was noted and started being closely watched when it crossed the $5,800 hurdle. Ever since then, it has continued to rise, and notably broke through $6000 and $6,400, all the way to its current level above $7k.

After successfully hitting $7,400 and surpassing it, some fluctuations began to set in as the value dropped and rose quite repeatedly over a few hours. It dropped back down to $7,200 and still dropped further below $7,100 – a reaction that a few people took to mean that the surge was an unsustainable behavior. However, it quickly climbed back up and at this time, is trading above $7,490. This is Bitcoin’s highest value in about eight months.

Could there be a Heavy Pullback?

Based on the current trend, the possibility of a heavy pullback might not be a robust one. Even though there were pullbacks almost to the point of dropping below $7,000, it was short lived and is not expected to happen again, for quite a while.

Earlier Predictions

There have been many predictions for the price and performance of Bitcoin between now and the end of the year. Since it is now slowly reaching $7,600, bulls are currently targeting a possibly $10,000 price sometime in the near future. However, this price is still a bit more moderate, compared to earlier predictions


A few other analysts, months before there was any real hope, predicted prices greater than the 2017 all-time high of almost $20,000. With the current trend, it’s not entirely hard to believe that Bitcoin could reach $20,000 and even do more. Since we’re still in the second quarter, there is still a lot of time for Bitcoin to blow us away.

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The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.