On February 1st, Ran NeuNer tweeted that Bitcoin (BTC) will reach $50,000 by the end of the year. Ran is also known as the host of CNBC’s CryptoTrader show.
However, this did not last. Ran has changed his mind and explained that Bitcoin would not reach $50,000 anymore due to the state of the market. He tweeted, “For the record, I am pinning this tweet. Bitcoin will not finish 2018 at $50,000.”
Also, he explained why Bitcoin would not hit the target by tweeting, “Given we are in a bear market and no good news is moving the market, I can’t see a $50k BTC this year.”
This did not stop the Bitcoin community from celebrating the 10th anniversary of Bitcoin’s whitepaper. Bitcoin kept trading in the same ranges between $6300 and $6500.
As we are currently two months away from ending the year, do you think Bitcoin will reach $10,000 anytime soon? Noting that the coin was trading at $20,000 in mid-December 2017.
This article was first seen on the Daily Hodl and can be found here: https://dailyhodl.com/2018/11/04/bitcoin-price-will-not-hit-50000-this-year-claims-the-famous-crypto-analyst-ran-neuner/