Well-known analyst Peter Brandt believes that Bitcoin in the current rally may surpass its previous historical maximum 5 times.
"Bitcoin set its sights on $ 100,000. Bitcoin (BTC) is experiencing a fourth parabolic phase since 2010," he writes on Twitter, reinforcing his observations with a timetable.
A similar forecast is made by the trader filBfilB.
Analyst PlanB, meanwhile, writes that yesterday could be the last opportunity to buy Bitcoin below $ 10,000. His opinion is based on monitoring the 200-week moving average – the rate of growth of the index reached 5.6% per month.
"If you like Bitcoin for $ 10,000, it is very pleasant when it closes above $ 11,700," – says trader Reydzher Josh, thus supporting the view of his colleagues that at higher levels cryptocurrency can not meet much resistance.
Also, some users pay attention to the fact that in this case Bitcoin growth was not associated with the Bitfinex exchange price exceeding the market average, as has sometimes happened in the past.
BitMEX exchange derivatives are called a possible catalyst, where, after liquidating a number of positions, a new annual maximum of active contracts of about $ 900 million was set that night, and growth outpaced the rest of the market.
Bitcoin at the time of publication continues to trade about $ 10,900, rising by 11% over the day.
Publication date 23.06.2019
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