Analyst online broker ThinkMarkets Naim Aslam sure that the price of Bitcoin will conquer new peaks in the range of $ 60,000 – $ 100,000 during the next bull rally. He stated this in an interview with Fox Business .
Aslam is convinced that now the important price targets for Bitcoin are $ 20,000 and $ 50,000. At the same time, more conservative forecasts will step aside after reaching a new absolute historical maximum.
The expert believes that the main drivers of Bitcoin growth are the involvement of institutional investors, the US and Chinese trade war, as well as the uncertainty in the stock market and the risks of a new military conflict in the Middle East. So, the first cryptocurrency helps traders to hedge risks, as already mentioned in the Grayscale Investments report.
Grayscale Investments report: US-Chinese trade war pushed bitcoin up
Recall that the creator of the Mayer Multiple indicator, Trace Mayer, came to the conclusion that the first cryptocurrency is now very overbought, so a price correction is very likely in the near future.
Today, June 25, Bitcoin again updated the annual maximum at $ 11,381, and its capitalization overcame $ 200 billion, however, on the chart you can see a double top figure that can speak in favor of a reversal.
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