060: Bitcoin Will Rip to $50,000 - But Only After a Nauseating Purge | BTC May First Visit $5K

For complete show notes and for the full premium experience with video, visit our YouTube channel at http://CryptoNewsAlerts.net

This Bitcoin analyst says the Bitcoin price could surge as high as $50,000, but investors must stomach a nauseating purge first. Nevertheless, Peter Brandt says that bitcoin bulls will likely face an even worse scenario, at least in the short-term. The analyst predicts a move below $6,000, which would usher in an extended bear winter.

Even though bitcoin’s fundamentals have been making numerous advancements, Brandt says that a strong buy signal would only come once the Crypto Twitter bulls have all but disappeared. A thorough cleansing might be required to jumpstart a full-blown bull market. Once the nightmare is over, Brandt expects that the Bitcoin (BTC) price would be ready to soar to $50,000.

Bitcoin’s Macro Outlook is Insanely Bullish, But BTC May First Visit Sub-$5,000

Bitcoin has been facing intense volatility over the past month, which first began when it incurred an explosive rally that sent it from $7,300 to highs of $10,600. In the time since this occurred, BTC’s bears have been firmly in control, erasing nearly all of the gains that were produced in this rally.

In the short-term, analysts are noting that it seems nearly inevitable that BTC will dip below $5,000, but the long-term outlook still looks incredibly bullish, with one industry insider saying it is all but guaranteed that Bitcoin will eventually see $100,000.