Analyst calling for bitcoin to hit $100,000 this year also predicts its collapse

Almost immediately on the heels of a bitcoin market bloodbath, a starry-eyed analyst at Saxo Bank says the popular cryptocurrency could achieve stunning new highs in 2018. Much less reported is that he’s also calling for bitcoin to go the way of the buffalo shortly afterward. Kay Van-Petersen on Tuesday massaged the shoulders of a cryptocurrency community on edge, writing the bullest of bull bitcoin memos, calling for it to achieve a price between $50,000 and $100,000 this year. He’s made similar bull calls in the past; when bitcoin was trading below $900 in December 2016, he famously predicted that the price would reach $2,000 the following year. When his…