Crypto Influencer and Blockchain Technologist Armando Pantoja (@TallGuyTycoon) predicts that bitcoin (BTC) will hit somewhere between $50,000 and $100,000 during its next bull run, according to a online interview on July 16.
Bitcoin has tanked significantly since 2017, reaching its bottom in December 2018 after dropping almost 85% from all time highs to the $3,500 level.
Nevertheless, Pantoja predicted that during the same time period that the cryptocurrency would not go any lower than the level of $3,500 USD, flying in the face of many experts and analysts who believed that Bitcoin would suffer deeper losses.
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According to Pantoja, the major price points to look out for now are $25,000 and $35,000. He argues that by passing $20,000, a physiological barrier, the talk will move to estimates exceeding the number all-time high to forecasts of $40,000; from there, breaking $50,000 will move the price target to $75,000, driven by media hype and speculation.