Crypto News Flash #211: Bitcoin Could Reach $15000 Easily This Year -- Former Goldman Sachs Executive

Bitcoin has already confused trades and investors with its vague and non-traditional movements. A lot of algo and bot trading has been going on in BTC these days which technical charts can easily show. Many of the technical analysts are still Bearish on Bitcoin after analyzing its trend in past 6 months. 

But Mr. Christopher Matta, the former Goldman Sachs Executive, still believes that Bitcoin can easily reach $15000 this year. 

He argued that he will invest his mom's money into Bitcoin because he firmly believes that Bitcoin will reach $15000 by the end of this year and he's ready to take this calculated risk. 

He said these statements in recent CNBC interview and since that interview BTC is down by 7%. Although, Matta still is Bullish on Bitcoin and urged people to invest with a long term objective i.e. 2-5 years. 

Bitcoin trading might turn out to be highly dangerous in short time period because of high volatility and alog trading these days. As per this source, Matta said:

“The bullish sentiment hasn’t changed over the last six months. Regulators have started to step in. We think that more smart regulations can be good.”“If you’re bullish for the long term, $6,000 is a decent entry point". 

Well, the whole crypto enthusiasts are waiting for ETF approval and if it gets approved, we can see a fast and short-term Bullish rally into crypto market for sure. 

$15000 target is difficult to achieve this year though after looking at the recent price actions and the dominance of Bears, but the target is not impossible to achieve. 

Let's see what market brings next for us.

Thanks for reading ...!!

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