POLL: Most believe $100,000 Bitcoin possible

Cryptocurrency by Blockspectator  | 1 year ago
2 min read

A recent poll by Twitter trader MAGIC shows that the majority of voters believe Bitcoin will reach $100,000+ with some even predicting a cool $1 million.

The trader tweeted:

“The results are in! 42% of the 3,000 voters think BTC will reach into the $100,000 to Millions range, and 72% think BTC will surpass $20,000. Very nice.”

A well-known crypto trader himself and a lead contributor on TradingView, from his perspective MAGIC, stated:

For my long term view, I see Bitcoin going to at least $100,000 within four years. I think it could even reach $150,000 in that time. Eventually, I believe it could surpass $1,000,000.

Nearly three thousand people voted, so not a small scale vote, while admittedly not very large, the main takeaway is that there remains high optimism among many within the industry that good times are ahead.

Of course, before we can think about any potential dizzying times ahead we first have to break out of this severe crypto winter we’re still in and force the bears back.

When this happens, only prediction can be made, but MagicPoopCannon has conducted various technical analysis in the past and has very often been proven correct. This indicates increased confidence for fantasy to become a reality in the foreseeable future.

One of his best examples of price predictions was the crucial support level of $6,000. While the substantial drop did not occur until mid-November, MAGIC was mentioning the fall as early back as May 2018, a full six months before it materialized.

“Nine months ago, in the attached analysis, I showed you how BTC would fall to $ 3,000. Now, I believe the market has been bottomed at just above $ 3,000 last December. Time will tell. Here is a look at when most others were overly bullish …”

Whether or not the bottom is in, remains to be seen. However, if MAGIC’s predictions and the predictions of the voters are anything to go by, then maybe the bright stars await just right ahead.

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