Bitcoin can’t reach $20,000 by the end of the year
According to the analytical company Skew, the probability of the bitcoin rate will reach $20,000 by the end of the year is quite small — no more than 7%.
The researchers note that the longer the price of bitcoin is below this mark, the less chance it is to reach it at all. At the moment, according to analysts, the probability that bitcoin will reach $20,000 by the end of the year does not exceed 7%. However, October should be an “interesting” month for the first cryptocurrency, because have two bitcoin ETF applications are due to be considered in this month.
Analysts believe that, most likely, the powerful growth of bitcoin will have to wait until may 2020, when the half of the reward for mining will take place. In the history of bitcoin, this has happened twice and each time the first cryptocurrency became very expensive after the half of the award.
Note that if the U.S. Securities and Exchange Commission (SEC) approves applications for the launch of bitcoin ETF, it can push the price of the first cryptocurrency up. Equally important is the launch platform for institutional investors Bakkt. However, bitcoin is unlikely to reach historical records this year.
Recently, the founder and CEO of the consulting company deVere Group Nigel Green expressed the opinion that the new “bottom” of bitcoin is now at the level of $10,000. Last night, the rate of the first cryptocurrency lost more than $600 in half an hour, and at the time of publication, bitcoin is trading at $ 9,600.
Published at Fri, 30 Aug 2019 05:08:36 +0000
Bitcoin Pic Of The Moment
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By trendingtopics on 2019-03-25 11:35:42
