The rating agency Weiss Ratings published an article whose author analyst Juan Vellaverde believes that now is the best time to buy Bitcoin and other digital currencies.
This expert compared the current situation on the cryptocurrency market with the situation in 2015 and came to the conclusion that Bitcoin (BTC) is preparing to take a big run. At any time, a sharp correction may begin, which will be the first phase of the ascent of the coin.
Today's BTC price is the best in terms of potential market entry. After the bitcoin jump to $ 8400 on May 16, the coin returned to the negative dynamics of movement and is now trading at $ 8000 (+/- $ 100).
Juan Vellaverde is sure that BTC is in a state of correction, which will be replaced in the next few days by a new wave of growth. A similar situation was observed in 2012 and 2015, when observers recorded “bullish” bitcoin jerks.
At the same time, Weiss Ratings chief analyst stresses that the dynamics of the movement of the coin cannot be guaranteed, however there are certain factors, both external and internal, that provoke about the same BTC trajectory that we observed several years ago.
Among them, the expert singled out such as :
These factors have a positive effect on the activity of users of the cryptocurrency network and will further increase its value, the analyst of the rating agency predicts.
Publication date 25/05/2019
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