Kraken Predict up to 200% Bitcoin Price Gain

News • 2020/08/13 • by Remitano

After Bitcoin experienced a record rise by July ending, Kraken predicts that bitcoin might see a price gain of about 200% in the next few weeks or months, as revealed in a report released by the crypto exchange.

Dan Held, the exchange director of development, explained that with August being one of the months that bitcoin endures most fluctuations, BTC's positive momentum at the end of July won't end there and is expected to progress further in months to come.

Bitcoin price rally in July makes this the second-best July performance for BTC since 2011. The price increase BTC experienced between July 27 and July 31 gives it a 24% profit putting it in a strong position for continued positive movement.

Source: Cointelegraph

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