How Much Bitcoin Will Cost At The End Of The Year: Opinions Of Crypto Community
After falling to the level of $ 6,700 fixed on Monday, Bitcoin started a correction. At the press time, cryptocurrency is trading at $ 7,216, which is equivalent to a daily increase of 7.45%. All projects from the top 10 CoinMarketCap resource capitalization ratings also demonstrate a positive movement.
Against the background of Bitcoin price correction, participants of the crypto community presented their forecasts for the further movement of the BTC rate. So, according to the popular analyst, blogging under the nickname PlanB, cryptocurrency can end the year near the level of $ 10,000.
According to a survey conducted on Twitter, most participants in the crypto community are also inclined to the prospect of further lowering the value of Bitcoin.
Galaxy Digital founder Mike Novogratz, in turn, sees the possibility of BTC growth to $ 20,000 by the end of the year. The specialist explained his opinion with confidence in the gradual growth of interest in cryptocurrency from institutional investors.
Many participants in the crypto community agree with the prospect of an increase in the value of the asset at the end of the year. Some users see the possibility of updating annual highs in the near future. The previously known analyst in the crypto community, Peter Brandt, who predicted a drop in the 2018 BTC rate, shared a working observation with the readers of his microblog. The specialist noted that in many cases the market behaves contrary to the expectations of most of its participants.
One thing I have learned from 45 years of trading:
Markets have a tendency to do what the most number of market participants least expect and don’t want to happen.
Descending triangles are most often bearish. $BTC pic.twitter.com/bKlYPke8AA
— Peter Brandt (@PeterLBrandt) September 21, 2019
Against the background of forecasts, Morgan Creek Digital co-founder Anthony Pompliano reminded the readers of his microblog that BTC is still the most profitable asset for investors on the market.
Recall, earlier participants in the crypto community presented possible reasons for the decline in the bitcoin exchange rate over the weekend.
Source: en.bit.news
