Tuesday 22 May 2018

The bitcoin at $20,000 by the end of the year?

After the bed start for the bitcoin for the past week and falling momentarily below the 8,000-dollar psychological limit, the cryptocurrency started the new week with growth.
The bitcoin rose momentarily over $8,500 for a coin yesterday. After reaching the highest level of $8,575, the cryptocurrency went back below $8,400. Late last night the bitcoin was exchanged at $8,370.
However, according to many experts, not everything is lost to the bitcoin. Yes, it may not be able to overcome the $10,000 psychological limit and go back down, but we will hardly see $6,000 again, analysts say.
There are also some very optimistic experts about the future of the cryptocurrency.
For example, according to Rodrigo Marquez, CEO of Atlas Quantum, one of the Brazilian cryptocurrency trading platforms, a drop below $8,000 for the bitcoin can be identified as a finding of the bottom. He expects the bitcoin to go up and reach the psychological limit of $20,000 in six months. This is the highest value for the bitcoin in history reached in December of last year.
Apparently the expert expects a repeat of the scenario from last year and a strong rally in the last months of this year.


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