Glassnode CTO Predicts BTC Price Will Rise 10X From Here
Glassnode’s Rafael Shultze-Kraft is extremely bullish on Bitcoin and predicts a 10-times rise from the current price
‘Insanely bullish’: Glassnode CTO predicts BTC price will rise 10X from here
“The chief technical officer of crypto market data aggregator Glassnode, Rafael Schultze-Kraft, has described a slew of Bitcoin (BTC) market indicators as “insanely bullish,” and predicted prices are set to increase by more than 10 times.
On Dec. 9, Schulze-Kraft tweeted a thread providing the basis for his ultra-optimistic prediction, presenting six of ‘the most important on-chain market indicators that are currently hovering at the same levels they were at the start of 2017.’
1/ Where are we in the #Bitcoin market cycle?
A look at some of the most important on-chain market indicators.
TLDR: Insanely bullish, most metrics are far from the top. If things develop anything like 2017, we could see more than 10x $BTC from here.”