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Bitcoin Bounce Back Above $7k, It Can Hit $250k In 2020 Said Tim Draper

  • Bitcoin is Where it should be according to such technical analysis said, Draper
  • Tim Draper reaffirmed once again his prediction that the Bitcoin price would pass $250,000 by 2022.
  • Other Altcoin also gains momentum with the top twenty by market cap turned green on Thursday.

Cryptocurrency market daily overview. Source: Coin360

Data from Coin360 showed that Bitcoin price has bounced back recovered above the $7,000 mark presently it trading around $7,151. Now people are rushing to buy back in, as the price is up 

Bitcoin can hit $250k in 2020

In an interview with crypto media network BlockTV, Tim Draper once again reaffirmed his prediction that the Bitcoin price would pass $250,000 by 2022.

He noted that at current levels, Bitcoin is "where it should be" according to such technical analysis, As Cointelegraph reported, the popular Stock-go-flow model for Bitcoin price forecasting puts BTC/USD at an average of $8,200 before the halving.

Other Altcoin also gains momentum with the likes of Ether (ETH), which saw a daily improvement but fluctuating despite various factors come together to produce warnings of fresh selling pressure.

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