Cryptocurrency and initial coin offering (ICO) expert Phillip Nunn made a prediction in January that Bitcoin would reach lows of $6,000 and highs of $60,000. Nunn recently reiterated his confidence in the prediction after the price of Bitcoin plummeted almost 18 percent last week.
Phillip Nunn, CEO of The Blackmore Group and Wealth Chain Group, piqued the interest of the cryptocurrency and investing communities in January of this year when he made a prediction that the price of Bitcoin, in the year of 2018, would reach a bottom of $6,000 and a high of $60,000. At the time of the prediction, the price of Bitcoin had pulled back a large percentage of its run-up to an all-time high in mid-December of almost $20,000 and was sitting at just over $10,000.