Today, the first digital coin is trading below $ 3,400 after it reached a level of $ 3,374 dollars on Monday. Downward pressure resumed in the early Asian hours, the price of BTC fell by more than 2.04% compared with the previous day.
Meanwhile, the head of Fundstrat Global Advisers, as well as a well-known Bitcoin investor Tom Lee, believes that the first cryptocurrency experienced a difficult year, because it could not differentiate from altcoins.
This is a huge disappointment, but it is not related to the price or the calendar. Last year was the year when the crypto-bubble really adapted, because there were many ICOs and incorrect projects. We thought Bitcoin would survive. This is not true. It was sold out with the rest of the market.
Tom Lee still expects the BTC / USD pair to reach $ 25,000 as it is the fair value of a digital asset.
Technically, BTC / USD remains close to the critical level of $ 3,400. A sale may gain momentum and lead the price to the next time barrier of $ 3,200, followed by a minimum of 2018 – $ 3,127. On the other hand, we should see steady growth above $ 3,500 to get a chance for a long-term recovery, with the next focus being on $ 3,600 and $ 3,665 (DMA50).
And what do you think about this?
