Crypto Analyst: Bitcoin should hit $28,000 in the next 6-12 months - Koinalert
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Crypto Analyst: Bitcoin should hit $28,000 in the next 6-12 months

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Crypto Analyst: Bitcoin should hit $28,000 in the next 6-12 months

Ronnie Moas, one of the top stocks and crypto analyst predicts that the price of Bitcoin will hit the $28,000 mark in the coming 6 to 12 months. He also said that Bitcoin market valuation is more than half of the 30 names in the Dow Jones 30 list including Goldman Sachs, IBM, McDonald’s, Nike, Boeing.

Ronnie Moas target price for Bitcoin (BTC) is $28,000

Ronnie Moas in a post on Twitter said that the Bitcoin has outperformed more than half of the 30 names in the Dow Jones Industrial Average (DJIA) in terms of market valuation. Moas also pointed out that the valuation of Bitcoin is greater than many industry giants like Goldman Sachs, IBM, McDonald’s, Nike, Boeing.

According to Ronnie,

Source: Twitter

He said that the $BTC price should at least double its present price in the next 6 to 12 months. The target price set by Ronnie Moas for Bitcoin is $28,000.

Also according to the tweet, the price change will bring bitcoin (BTC) to rank third on the DJIA at that time, just after Amazon and Walmart.

The Dow Jones Industrial Average (DJIA) is a stock market index which shows the value of 30 large, publicly owned companies based in the United States. DJIA also shows the performance of the companies in the stock market during various periods of time.

Bitcoin Market Analysis

The price of Bitcoin at the press time is $10,152.20 USD (-2.25%) with a market capitalization of $181,550,059,689 USD. The BTC dominance among the entire crypto market is 68.8% with a 24-hour trading volume of $12,878,463,804 USD.

The 52 Week High and Low for Bitcoin is $13,796.49 USD and $3,191.30 USD respectively.


Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.