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Analyst Holding Bitcoin and Litecoin Estimates: BTC Ready to Boom!

Bitcoin (BTC) was able to rise to more than $10,600 for a short period of time on August 26th. Surprisingly, Max Keiser, a Bitcoin supporter and renowned for his accurate Bitcoin estimates, recently said the cryptocurrency is ready for a “higher boom.” Bitcoin Oracle’s prediction has also been realized. Now Max Keiser predicts $25,000 at BTC.

Max Keiser knew again: Bitcoin is ready for a higher boom!
Max Keiser, a well-known crypto-supporter and notorious for his predictions about successful Litecoin and Bitcoin, was able to accurately predict bitcoin’s 5 percent increase on August 26th. Bitcoin rose from 10,050 to 10,650 in a matter of minutes. Bitcoin later fell to $10,300 but remained 2% above yesterday’s price. Just minutes before the price increase, Keiser wrote in a tweet:

IT IS A SPIRAL SPRING THAT IS ABOUT TO EXPLODE TO HIGHER LOVERS.

Keiser is a Bitcoin supporter who always shares his upward thinking about Bitcoin and cryptocurrencies. The digital asset traded around $10,000 over the past few days after reaching $13,750 in June this year. This was the highest price registered in more than a year by Bitcoin, which was too much for the entire market. Max Keiser now thinks BTC will see $25,000.

Altcoins melt against Bitcoin and losses increase
However, after a sharp rise, Bitcoin paused and altcoins began to fall against BTC. Currently, Bitcoin is trading at around $10,204, according to CoinMarketCap. It also has a market cover worth $182 billion. In the last 24 hours, the largest cryptocurrency on the market has lost 1.4% of its value. The top 10 virtual currencies are currently trading on the red board. Other cryptocurrencies, with the exception of Stellar in the top 10 (a 2 percent increase), are trading on a downward trend. Bitcoin has also increased its market dominance, reaching its highest point since the beginning of 2017.

This shows that Bitcoin is performing very well compared to other cryptocurrencies. The 2018 market has affected many cryptocurrencies, including the most valuable ones. Litecoin (LTC) and Binance Coin had a very good first term for different reasons. Binance launched the Blockchain network Binance Chain, binance launchpad and decentralized stock exchange (DEX). At the same time, Litecoin supporters were thrilled with the excitement of the latest halving of the digital currency. For LTC miners, the awards have dropped from 25 LTC to 12.5 LTC per block.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.