Bill Baruch, a speculator on coded currencies, has already predicted both recent declines in the petrochemicals and subsequent highs, a target value for #bitcoin in the near term from 11,500 $ to 11,800 $.
#Baruch, president of Blue Line Futures, has a track record of #bitcoin prices. In February 2018, when the value of the bitcoin dropped to 7200 $ during the correction of the market, he confidently predicted that the value of the Pitcairn would return to 10,000 $.
That's exactly what happened. In March 2018, the value of the Pitcairn rose to 12,971 $, averaging 10,500 $.
Encrypted currency has broad prospects for long term. Looking ahead, Baruch is confident that coded exchange rates will continue to rise now after the US tax day.
#Baruch said on CNBC, "After fighting the adverse wind of the laws and tax sales, the road is paved upward, I think the sector is still on the further rise in the long term. The value of the bitcoin at its peak will be 11,500 $ to 11,800 $. "
#Baruch also noted that participation in the recent rise of coded currencies was widespread, as many of the encoded currencies gained value as well. "This is an upside boost for the fully encrypted currency market," he said.
Bill Baruch is not the only speculator on the future of coded currencies. Tom Lee, the co-founder of Fundstrat, was the first to expect the rebound of the encoded currency beyond tax day, as we mentioned in an earlier article.
Lee predicted on April 5: "The pressure on #bitcoin will be relieved after April 15th. This is what happened. Pitcairn prices rose to over 9300 $ this week, with no signs of retreat.