The rate of bitcoin will soar to $ 40,000, the examiner called the cause
The exchange rate of bitcoin continues to fall in a strong external negativity received the day before.
Only for the first ten days, the most popular cryptocurrency has lost more than 12% and recorded the worst month since the beginning of 2019. However, this behavior of bitcoin prices is to be expected in the future according to experts will allow buyers to consolidate power and continue the growth.
At the time of writing the cost of BTC is $7994 losses koina for the last day amounted to 0.96%.
Most altcoins are also dozens of first rushed down. So the Bitcoin exchange rate Cash dropped to 1.04%, the price of Ripple is losing 1.75%, the value of Ethereum is reduced by 0.93%, while the rate of Bitcoin Gold retreated 1.76% and for one coin on cryptomeria offer 25.58 USD.
Chart bitcoin/dollar remains at the previously achieved levels, and yet does not supply an explicit signal to growth or long-term decline.
However, we cannot exclude the continuation of the negative scenario in which bitcoin will continue to decline in district support located at $ 7,000.
The rate of bitcoin will target $ 40,000
If bitcoin will reach 10,000 dollars, next target will be around $40 000. In an interview with the financial Director Binance Wei Zhou, said the co-founder of Fundstrat Global Advisors Tom Lee.
According to experts, if the rate of bitcoin will reach this key level it will be impossible to stop , because the 10,000 is a key psychological turning point and for the most popular cryptocurrencies.
Whether their assumptions are based on the effect of “loss of profit”, when after crossing this milestone, many participants of stock market consider that missing the opportunity to earn and start to actively buy bitcoins. This in turn will trigger an explosive reaction of the market and an even greater increase in its value.
Recall That If the moment of reaching the token historical high of $ 20 000 not cease to believe in the success of cryptocurrencies.
Even during a heavy fall of Bitcoin prices, the analyst has not ceased to provide optimistic forecasts, and ultimately many of them are relevant.
Market analyst cryptocurrency
Stock Markets Group