Bitcoin Price Analysis: As Cardano Founder Charles Hoskinson Says BTC Could Hit $500K In 24 Months, This Presale Closes On $7 Million
The Bitcoin price edged up a fraction of a percent in the last 24 hours to trade at $99,215 as of 02:36 a.m. EST on trading volume that plunged 18% to $55.4 billion. This comes as Ethereum co-founder Charles Hoskinson say Bitcoin could soar to $250,000–$500,000 within the next 12–24 months, citing strong investment inflows and growing interest in the cryptocurrency market. “This will translate to an ecosystem whose value is starting to approach that of gold – an asset humans have used as a store of value for over 5,000 years,” Hoskinson said. Bitcoin Price Aims To Sustain Its Bullish Trend The Bitcoin price has been in a sustained bullish rally, after the asset capitalized on the $69,000 level at the beginning of November. According to data from GeckoTerminal , BTC is now recording higher highs and higher lows, trading within the rising channel pattern. BTC price has maintained its position over the 50-day and 200-day Simple Moving Averages (SMAs), w...