Ran NeuNer, the host of CNBC’s CryptoTrader show, has rescinded his February prediction for Bitcoin’s 2018 price peak.
NeuNer-rsquo;s original prediction post from Feb.1, 2018 stated: -ldquo;For the record, I am pinning this tweet. Bitcoin will finish 2018 at $50 000.-rdquo; In his tweet today, the analyst stated the exact opposite of his original prediction, without providing an updated alternative price range:
-ldquo;For the record, I am pinning this tweet. Bitcoin will not finish 2018 at $50,000.-rdquo;
The CNBC host told Cointelegraph in private comments today that he had changed his stance due to the recent state of the market, explaining he wanted to -ldquo;clarify-rdquo; his position:
-ldquo;Given we are in a bear market and no good news is moving the market, I can-rsquo;t see a $50k btc this year.-rdquo;
When asked if he had a concrete alternative prediction for Bitcoin-rsquo;s price range approaching year-rsquo;s end, NeuNer answered bluntly, -ldquo;Nope. [T]oo complicated.-rdquo;
Yesterday, Oct. 31, as the crypto community celebrated the 10th anniversary of Bitcoin-rsquo;s whitepaper, crypto markets stabilized following recent mild losses, with Bitcoin trading just above $6,300.
For several weeks prior, BTC was trading steadily within the $6,400-$6,500 range, seeing a minor decrease Oct. 29-31.
Bitcoin is currently trading around $6,316, up just under 1 percent over the past 24 hours to press time.