BTC will hit $45,000 to $55,000 within the next 12 to 18 months

Partner at Obsidian Capital VC Fund, Arnie Hill, believes that Bitcoin can hit a price point between $45,000 to $55,000 within the next 12 to 18 months. 
BTC will hit $45,000 to $55,000 within the next 12 to 18 months
The Obsidian Capital partner told the Bitcoinist, that the recent Bitcoin surge to the $11,000 price level, mirrors the 2017 bull run, which could indicate that BTC is set up to reach new all-time highs.
'Bitcoin has blown past a significant resistance at the $9000 price mark', he said.
'With order books across exchanges so thin, it proves that funds and institutions have been accumulating $BTC near the lows. The price of $BTC has been able to move up thousands within a 1-2 timeframe, reminiscent of the 2017 bull run.'
Hill further points out that there lies little resistance on BTC’s advance to the previous ATH of $19,800.
The VC partner echoes similar sentiments as trader Josh Rager, who suggested that once the world's most popular cryptocurrency breaks above the $11,700 price mark, nothing will stand in its way to surge all the way to $20,000, referring to the minimal levels of resistance between the $14,000 and the $16,000 price mark, which wouldn't be able to stop Bitcoin's surge in its tracks.
- Where must Bitcoin cross to thrust price to new highs?

That level is close above $11,700

Minimal resistance between $14k to $16k won't be enough to stop BTC

Bullish sentiment & greed will propel price action to new highs & accumulating under $11,700 will be key, imo
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Hill continued by saying that he believes Bitcoin can reach between $45,000 to $55,000 within the next 12 to 18 months, which would put its market capitalization at between $828 billion and $1 trillion by the time the Bitcoin halving event will be upon us.
The world's number one crypto is currently trading at around $10,700, and is showing a 8.5% gain on the day. Bitcoin has gained over 200% since the start of 2019.
Do you think that BTC will hit $45,000 to $55,000 within the next 12 to 18 months? Let us know in the poll below.

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