Bitcoin entered the last day of both the week and the month. Today will be a critical day for Bitcoin.
The largest cryptocurrency with its market value is trading at $ 9440 in the minutes when the news goes live. These levels are positive in terms of maintaining the upward trend of Bitcoin.
What are analysts saying for Bitcoin’s price? Speaking to CoinDesk, Fairfield Strategies global market analyst Katie Stockton said, “A break above $ 10,555 will be a major bullish catalyst, and support is currently defined by the 200-day moving average at $ 8377.” says. According to Stockton, Bitcoin’s buying momentum will not slow down any time soon. “We think the medium-term trend tracking indicators are pointing higher,” said the analyst. uses expressions.
On the other hand, according to Rupert Douglas, the corporate sales manager of crypto asset manager Koine, there are more people wanting to buy Bitcoin on the spot exchanges, and this is helping the price rise. “I think the big rally is about to begin. I don’t think Bitcoin will be traded below $ 9000 again. ” He speaks in the form.
Finally, Bitcoin trader and founder of the Blackroots training platform Josh Rager said, “It is a two-month climb with a possible retreat we see in Bitcoin right now. It is possible to return to the average and return the price to $ 7000 – $ 8000. Indeed, it would have been healthy after two months of climbing. ” commented.
Disclaimer: What is written here is not an investment recommendation. Cryptocurrency investments are high-risk investments. It is recommended to seek help from a counselor if you do not have enough experience and knowledge. Every investment decision is under the responsibility of the individual. Uzmancoin and the author of this content cannot be held responsible for personal investment decisions.