This morning Bitcoin cryptocurrency rate exceeded the level of $ 12,400. Will BTC be able to reach a new price maximum, what do analysts say about the future of cryptocurrency?
On June 22, the value of BTC exceeded $ 11,000, today, despite some analysts' concerns, the cryptocurrency managed to overcome the resistance level of $ 11,400 and rise to $ 12,600. Recall that this week professional trader Peter Brandt reported on his Twitter blog that Bitcoin has set its sights on reaching the $ 100,000 mark. According to Brandt, BTC entered the fourth parabolic phase and the BTC market is unlike any other market.
Meanwhile, earlier this month in an interview with Bloomberg, the founder and CEO of Digital Currency Group noted that the current situation in the crypto market indicates that the crypto-winter is over and a crypto-spring is coming.
According to the latest data from the company Genesis Capital, the incredible growth of the BTC rate may be caused by increased activity of institutionalists in the crypto space – over the past 12 months, their activity has increased by 300%. It is noteworthy that institutional investors invest not only in BTC, but also in other large cryptocurrencies, in particular Ripple.
