Analysts expect Bitcoin near $4120 area

19.02.2019 10:17:11

Yesterday, Bitcoin began to grow rapidly, and today the coin can fix above $4,000 mark.

The resumption of the growth of the cryptocurrency has activated analysts and traders. Now BTC has grown to $3,977 and continues to trade in the green zone.

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The capitalization of the crypto market has exceeded $133 billion.

Luke Martin, a popular analyst, tweeted, in which he predicted maintaining the positive dynamics of Bitcoin movement and overcoming the mark of $4,100.

Martin notes:

The next daily BTC resistance is the $4,120 area. This is the previous resistance of the range from this area in which we traded during most of December-January.

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Another analyst under Mr. Chief also believes that the main digital currency will grow. He stressed that if the coin holds positions above $3,900, the rally will continue.

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However, in the short term, the growth rate of BTC will be a decline with the weakening activity of investors.