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At what level will bitcoin stop: $ 10,000 is not the limit

05/30/2019
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  • Raise of Bitcoin
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According to a number of experts, the growth of cryptocurrency charts in the spring of 2019 may be continued in the near future. And the figures are from 10 to 30 thousand dollars by the end of 2020. The authors of the forecasts have arguments that allow to believe in the fairness of these forecasts.

Long-term forecasts from Bloomberg

In an interview with Bloomberg, Jehan Chu, one of the co-founders of Kenetic Capital, said that Bitcoin could grow to $ 30,000. At the same time, he assured that the price of cryptocurrency now depends on three factors - large projects, the consequences of ICO and the complexity of mining. And the expert pays the most attention to the first one.

Facebook, Rakuten, Fidelity are those large projects that will show the community new cryptocurrency opportunities. Hundreds of millions of users will get access to digital technologies, and this will be done in the near future.

In the spring of 2020, a reduction in block remuneration will occur in the Bitcoin network. This will significantly reduce the issue of cryptocurrency, which will automatically lead to an increase in its value. Now miners mostly immediately try to get rid of mined coins. As a result, the market does not have a big shortage of offers for sale. A year later, the situation will change dramatically.

Short-term forecast on the Forbes pages

Analyst at ThinkMarkets Naeem Aslam in his interview for Forbes voiced a slightly different forecast. He said that in the next two weeks, the price of Bitcoin will be able to break through the resistance level of $ 10,000. At the same time, the analyst relies on historical data.

In 2017, Bitcoin in just a few days was able to grow from $ 10 to $ 20 thousand. And by the way, then there were no significant events, just the market decided to realize pent-up demand for cryptocurrencies. And now the situation repeats itself, only taking into account the accumulated experience.

We have to admit that many investors have very unsuccessfully invested in Bitcoin in 207-18. Therefore, they still have some negative sediment, which inhibits the uptrend. However, now there are new players on the market, for whom the explosive movement will be a good option to get a quick income.

The risks of cryptocurrency trading

With all the growth potential of the cryptocurrency market, we should not forget about the possible risks. Experts recommend investing no more than 5% of the fixed capital in this asset. Even this amount is now able to provide high returns due to the spread of margin trading.

A number of cryptocurrency exchanges began to offer trading of leverage with cryptocurrencies. This kind of trading technology ensures maximum profitability.

Despite the full potential of cryptocurrency, it is recommended to protect capital with other assets. The capitalization of the digital assets market actually exceeded $ 200 billion, however, against the background of the global economy, these are quite small values. It is worth recalling that the purchase of $ 100 million led to the growth of Bitcoin by 20% in just a few hours. At any time, one of the major players can begin to take profits. It is not difficult to guess how this will fluctuate.

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