Bitcoins: the Expert spoke about the growth potential of the cryptocurrency
Stock Markets Group – the exchange Rate of bitcoin is capable of new records, which also confirms the increase in activity of buyers in the market and expert predictions of new highs.
In the course of the day the price of Bitcoin continued the struggle for a new key level, adding the results of trading session of 3.35%, reaching the level of $ 5949.
The main cryptocurrency in the top ten was not so optimistic as the main digital asset.
So the Bitcoin exchange rate Cash loses 0.66% of the price Ripple slipped by 1.47%, the cost of Ethereum strengthened by only 0.09%, and the rate of the Bitcoin Gold for the day set a record, and soared to 9.15%, and for one coin on cryptomeria offer 20.1 the U.S. dollar.
Total market capitalization of bitcoin at the time of this writing is 104 915 billion.
Chart bitcoin/dollar continues to point to the strength of the bulls and the inability of sellers to bring the situation under control. A General belief of investors that the bottom has passed, has the same psychological support value of BTC.
In the coming days we expect the price of the digital asset will strike a note of $ 6,000 and will go higher.
Bitcoins made global decline
So says the famous cryptostigmata and supporter of bitcoin Willie Woo, who is 95% sure that the around $ 3000 where the cryptocurrency was down was really the bottom.
In November of last year, Wu for the first time predicted that the rate of bitcoin will reach its minimum value in the second quarter of 209, using the indicator signals NVTS.
At that time BTC bearish trend was confirmed by other technical tools, and the result is losing about $ 6000, the cryptocurrency fell to the level of 3100$ for one coin.
However, it seems, and today the expert is not sure that the course is the most popular cryptocurrency has developed a robust upward trend.
“I can’t confirm the development of the bull market, as the bitcoin price needs to retest the 200-day moving average, and the implemented maximum, or to remain in this corridor for quite a long time is not reduced too low”
In support of the experts, also indicate and fundamentals. The growth of interest in bitcoin in the world causes growth of volumes of transactions in the stock market, which, compared with March, the month has increased two times to $ 550 million.
In addition to technical factors there is a growing infrastructure supporting crypto-currencies, which further inspires the confidence of investors in bitcoin and other instruments, as in the new asset class used as an alternative to traditional investments.
Analysts expect that in the near future there will be expansion of the stock market as well due to the increase in interest from large institutional investors.
The growth rate of bitcoin, according to experts, remains relevant in any case because after a year of total sales and without the active support of big capital, the cryptocurrency was able to keep the attention of the public and ultimately escape from the strong sales.
Market analyst cryptocurrency
Stock Markets Group™