The price target of the famous analyst for BTC is 63 thousand dollars!

Cointelegraph Markets analyst filbfilb said that Bitcoin (BTC) will never be the same anymore and that it is too late to use Tether (USDT) as an excuse for a bearish expectation.

Popular analyst, In his posts dated February 10 He suggested that Bitcoin has gone mainstream.

Things have changed for bitcoin

Although Bitcoin’s mainstream presence has exploded since Tesla announced that it purchased $ 1.5 billion worth of BTC, not everyone is convinced. Some people in the crypto circle still see the issuance of the stablecoin Tether as the reason for anticipation of a decline in legal currency value.

Positive news about the company continues to circulate, although the company that issues the Tether faces some legal issues and the USDT supply has increased at an unprecedented rate.

Stating that the value printed only yesterday reached $ 1 billion, filbfilb summarized “Things have changed”.

Tether market cap 1-day candlestick chart. Source: TradingView

This is why the analyst thinks that the short-term price target could be $ 63k, not just $ 50k.

Filbfilb stated, “I expect some correction around $ 52,000, but I think this increase will generally carry us to $ 63,000.”

“Demand has already outstripped the sellers.”

Detailed 1-day candlestick chart of the BTC / USD pair. Source: filbfilb

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