Chief analyst of the market Think Markets, Forbes columnist and crypto enthusist Naim Alsam believes that Bitcoin (BTC) may soon grow to $ 6,500.
His forecast is supported by the fact that last week the price of BTC broke through the key resistance level of $ 5,500. In addition, in his opinion, Nasdaq adds optimism , which is approaching the launch of bitcoin futures .
“Technical support is completely stable, and based on this, the bulls are pushing markets to grow. It is likely that the price of Bitcoin can reach $ 6,000 or even rise to $ 6,500. "
A small pullback of After, #Bitcoin price Stayed a well the above the critical support level of $ 4913.
This is POSITIVE for the price. VAP shows more trades above 5,400. $ XRP is still below the 0.30 level, it is critical that we ’ve stopped testing it over and over pic.twitter.com/UxRM7SL06x
– Naeem Aslam (@ NaeemAslam23) April 25, 2019
At the same time, the analyst noted that “if you are a long-term investor, you do not have to worry about short-term levels,” since ultimately the price of bitcoin can rise to $ 400,000:
“I’m sure Bitcoin can go as high as $ 400,000. This is a simple mathematical calculation: a percentage price forecast tested during the last run.”
Alsum believes that the current management of monetary policy by central banks along with the high level of government debt will inevitably lead to an increase in the price of the main cryptocurrency.
Publication date 04/26/2019
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