The rate of bitcoin will not be able to show explosive growth in the near future
Stock Markets Group – bitcoin exchange Rate ends the week with a growth near the psychological level.
A significant increase on the eve of the end today with a small decrease and at the moment the price of Bitcoin is losing 0.3% and is at the level of 11947 dollars or 331 774 rubles. Other cryptocurrency in the top ten also showed a decrease of 1.5%.
So, Bitcoin Cash is reduced by 1.05%, and one coin is worth today 330.41 dollar, the value of the Ripple falls to 1.68% and reached the level of 0.302 dollar, the price of Ethereum is lowered to 1.42% and approached to $ 218, and the rate Bitcoin Gold fell to 5.89% for the one coin offer only 15.28 dollars.
Total market capitalization of cryptocurrencies at the moment is 289 636 billion.
Chart bitcoin/dollar is directed towards 12 000$ and there is a high probability that BTC will close the week above it.
If this happens, active buying in the market will increase, especially during the summer lull on the financial markets is nearing completion.
However, there are those who do not see prospects of growth of cost of the most popular cryptocurrencies in the near future.
The rate of bitcoin will not show explosive growth
So a senior analyst with Bloomberg Mike McGlone believes that bitcoin came under pressure and it is unlikely in the near future, the course will show explosive growth.
He also doubts that on the eve of halving 2020 BTC will be able to gain weight. Today the situation is reminiscent of 2015, when the bitcoin jumped to maximum values, but then entered a long phase of “bearish” sentiment.
However, the expert agreed that the most popular cryptocurrency in the future will be the best form of risk hedging.
In the long run, bitcoins will benefit from a reduction in yields and volatility in the global stock market. Indeed, today many see BTC as a digital gold. However, in the current situation, says McGlone count on the resumption of global growth is not worth it.
Market analyst cryptocurrency
Stock Markets Group