BTC Must Gain 13,800% For McAfee’s Prediction To Become True

The most dominant coin traded broadly and sideways on the first day of 2020 as consensus swirled even stronger around a Q1 breakout. Now, we can see that BTC must gain 13,800% for John McAfee’s prediction to become true and for the coin to reach the predicted highs.

At press time, Bitcoin is sitting at $7,235 and the altcoin news show that there are some gains too. The total market cap has recovered and the first day of 2020 is so far optimistic for the entire market. Even though the increases are not substantial, there are some notable gainers in the altcoins – one of which is Cosmos (ATOM) with its 4.55% increase on the day to become the 14th largest coin out there.
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As we can see, BTC must gain 13,800% in the next period for John McAfee’s prediction to become true – and for BTC to reach $1,000,000 by 2021 as the famous crypto personality stated. McAfee even said that he will consume his own penis if BTC/USD fails to reach $1 million by 2021 – shocking the entire cryptonews world.

Besides McAfee and his shocking claims, the choppy conditions are realistically seen by many other analysts. Ever since the third week of December which saw the major coin dip to its lowest levels in over seven months, BTC has broadly coalesced around the $7,200 mark and has had brief trips higher as it was quickly reversing. BTC must gain a lot now to change the status quo and prove us that 2020 is going to be the year when the cryptocurrency is going to shine.

According to the analyst Michael van de Poppe, a turning point could come in February or slightly later. He recently commented and said:

“Still stuck within this range and I think we’ll stay here for the next month as well,” in what was his last Twitter update for 2019.

BTC must gain a lot now – and this opinion is also shared by the fellow contributor filbfilb who said that the failure to crack resistance at $7,600 suggests a dip back into the $6,000 range. However, the news so far do not show this and in contrast, show that the entire market could rise soon.