As the cryptocurrency market enters a new week, traders and investors expect Bitcoin to reach $ 6,000 or at least approach this value.
Over the past seven days, the value of the largest cryptocurrency has risen to $ 5,886, starting the climb from $ 5,216. Yesterday, the Bitcoin (BTC) exchange rate opened at $ 5,831 and closed at $ 5,795, which indicates that the digital asset lost about $ 36 during the day.
Today, at the time of this writing, the BTC course has risen to $ 5,952.
Despite the fact that volatility is growing, analysts are optimistic about the future of Bitcoin, especially since the cryptocurrency has already shown sharp ups.
Technical analyst Ishimoku Mitoshi Kaku believes that, based on Gann's price cycle, next week the price of Bitcoin (BTC) could reach $ 6,260. In his opinion, this will happen on Tuesday or Wednesday.
I don’t have a problem with the price today. Waiting … $ BTC 1W #Gann #Coinbase pic.twitter.com/kH5UMZOk3K
– Mitoshi Kaku ??? (@CryptoSays) May 5, 2019
“As I mentioned a month ago, it took BTC a whole month to break the resistance by $ 5800. Regardless, there is a # Gann 5/8 signal and a main loop ending the same day,” the trader tweeted.
Mentioned a month of As ago, $ The BTC took the Entire month to the distribute the move a little and found here and there, in the real resistance Hindsight always WAS $ 5800. Regardless, there’s a #Gann signal for 5/8, like I mentioned then, and I ’m waiting for the cycle. Eyes wide open! ? pic.twitter.com/KGgOxJFN1o
– Mitoshi Kaku ??? (@CryptoSays) May 5, 2019
Meanwhile, well-known Bitcoin cryptanalyst Jack believes that there are all signs of a move to $ 10,000.
A road to $ 10K
Rejection around $ 6450 to $ 7000
Altseason to commence in red?
Distribute back to 4K range
Start uptrend to $ 10K pic.twitter.com/yRRhW4Nnne
– Bitcoin ?ack (@BTC_JackSparrow) May 5, 2019
At the same time, according to Jack, on the way to $ 10,000 a rollback to $ 6450-7000 can happen.
Most predictions are based on what will happen this week. If Bitcoin can hold at about $ 5,900, there is no doubt that it will exceed $ 6,000, believes Mitoshi Kaku.
Publication date 07/05/2019
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