Jun 3, 2019 Forex News
Despite the fact that Bitcoin can’t overcome the psychological mark of $9000 and just tries to do it, many traders and analysts are optimistic.
One of them, Josh Reiger, tweeted a post through which he urged investors not to panic and have patience with the recent fall of BTC.
According to this trader, descending of Bitcoin doesn’t signal negative fundamental changes in the cryptocurrency. The coin is trading in the range of $8,000 to $ 9,000, and small adjustments are objective when players switch to wait-and-see tactics.
However, the potential for growth is still not exhausted, and after every small BTC rollback, we will have to wait for the more impressive growth of this cryptocurrency.
His forecast Reiger built on the basis of data on the dynamics of Bitcoin. The coin has grown by 150% since the beginning of the year, while each of its new breakthroughs was more tangible than the previous one.
Therefore, Reiger urges traders not to worry about the recent fall in BTC to $8,200 and wait, because in the very near future the cryptocurrency can take on new heights.
The analyst position is shared by many Twitter users. Some of them generally believe that taking a mark of $ 9000 will be a new stage in the strengthening of a digital asset, the result of which will be its jump to at least $10,500.
Despite the short-term effect of rumors that Amazon was going to accept Bitcoin this year and the subsequent pullback, the BTC/USD pair was able to find support in the area of $36500 and start a new rally. As a result, today the BTC/USD pair was able to rise
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