Ben Armstrong, a controversial YouTuber who is also well known in the cryptocurrency industry as “BitBoy,” has turned to Twitter to offer a type of price forecast for the leading cryptocurrency Bitcoin in 2018.
He predicted that Bitcoin would have “a few of good rallies” this year.
BitBoy tweeted that he enjoys witnessing the resurgence of optimistic feelings in the crypto community now that Bitcoin has surged back over $18,000 and reached $19,000 on January 12.
However, the YouTuber does not anticipate any new all-time highs for Bitcoin in 2018, but rather “a few of great rallies.” In addition, Ben Armstrong said that he believes Bitcoin is at the beginning of a surge that may drive digital gold to $25,000 or perhaps $30,000 within the next 10 to 15 weeks.
As previously reported by U.Today, Bitcoin momentarily surpassed the $19,000 threshold, with the risk-on mentality of other markets serving as one probable explanation.
However, in late December, Armstrong expressed a considerably different viewpoint. He expressed his belief that Bitcoin’s price will begin to recover near $30,000 by the end of 2023. Armstrong also anticipates the ascent of new record peaks by the end of 2024, per his tweet.
His “knee-jerk response” is $120,000, indicating that he expects Bitcoin’s price to climb significantly.
According to a recent tweet from the on-chain analytics provider Santiment, whale activity has increased again, indicating their interest in the top digital currency.
As Bitcoin has quickly regained the $19,000 mark for the first time since early November (after the collapse of FTX), the number of transactions worth $1 million or more in Bitcoin has returned to its level from November.
Currently, Bitcoin costs $18,905 per token, according to statistics provided by CoinMarketCap.
Also Read: Trading Volume for XRP Increases by 28% Amid Major Inflation Report
