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Jason Williams of Morgan Creek digital can see a bitcoin rally happening by the end of October 2020

Jason Williams of Morgan Creek digital can see a bitcoin rally happening by the end of October 2020
  • Jason Williams, a general partner at Morgan Creek Digital has recently highlighted some of the more significant bitcoin price predictions. 
  • In his opinion, he noted that the price of bitcoin will hit an all-time high by the end of October this year. 

Jason Williams, a general partner at Morgan Creek Digital has recently highlighted some of the more significant bitcoin price predictions. In his opinion, he noted that the price of bitcoin will hit an all-time high by the end of October this year. The current all-time high for bitcoin is $20,000, which it hit at the end of 2017. Since then, the leading crypto assets have been experiencing some significant rounds of volatility and in the past two weeks or so, bitcoin has been Fluctuating from $10,000 to $9500.

With all of this volatility going on throughout the industry, this is an indication of an increase in daily volume trade which is a factor considered to be an imminent rally just around the corner. If bitcoin can remain above $10,000 over the next few weeks, then a prediction that Williams gave will be well underway.

That being said, if bitcoin ends up sinking below $8600, his prediction will no longer be valid.

There are plenty of institutions all over the world that are looking towards the world of cryptocurrency with an eagle eye. Before the bitcoin halving in May, many analysts predicted that the bitcoin market would reach $15,000 in order to keep miners at profit. But given that the asset is currently trading below $10,000, the chances of a possible correction are looking slim.

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!

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