Bitcoin for $ 50 000. Forecasts of analysts
To date, the situation on the crypto currency market looks much more promising than at the very beginning of 2018. The main catalyst for growth is the softening of the position of the government of South Korea with respect to the crypto currency, namely the decision to allow further trade in crypto currency in the country. Also, do not ignore the analysts’ forecasts.
- Trader and analyst Tone Vays gave a moderate forecast for the growth of bitcoin prices in 2018 to around $ 25,000.00 per coin. It is worth noting that in November 2017 the same Weiss predicted a decline in the price of crypto currency in the short term to $ 5,000.00.
- Executive Director of Bitcoin Foundation, Llew Claasen predicts that in the 3-4 th quarter of 2018 the price of bitcoin will grow to $ 40,000.00.
- Co-founder of Fundstat Tom Lee said that by the end of 2018 bitcoin will reach $ 25,000.00, and by 2022 the price will rise to $ 125,000.00.
The forecasts of analysts are not always justified, but it is worth noting that the forecasts of the total collapse of Bitcoin, to date, are less likely than its growth to $ 50,000.00.
Technical analysis: Today the bitcoin price reached $ 10,898.00, breaking the resistance line of the downward channel on the D1 chart, which is a signal of further growth in the price of the crypto currency. It is also worth noting that in just 13 days Bitcoin’s price has grown by $ 5,000.00 and if you keep these growth rates, in about a month and a half, the bitcoin price will be able to update its historical maximum.
Fig. BTC/USD. The current price is $ 10,806,690.
Alexander Sivtsov