$18,000 for Bitcoin(BTC)? Is it possible to?
Last year was hard enough for Bitcoin (BTC). Cryptocurrency reached its minimum, it rose several times, but then it certainly collapsed in price. However, the crisis gradually ended. At the moment, the coin costs $ 8786 apiece, but the famous trader Crypto Michaël claims that the cryptocurrency is moving to high levels. According to the expert, in the near future, Bitcoin will overcome the mark of $18,000. Today we will discuss how realistic such forecasts are and what serious market players think about the fate of Bitcoin. So let’s get started.
What does Crypto Michaël think about BTC?
A well-known trader and crypto analyst literally today posted an interesting post on his Twitter account. The expert hastened to share his observations. He states that the current Bitcoin price dynamics resembles the chart we saw at the beginning of 2016. It was 4 years ago that the first cryptocurrency began its active development. In less than a year, the price of BTC has increased several times. Based on this, it can be assumed that a similar picture will be repeated in our time.
The tech analyst believes that if Bitcoin overcomes resistance levels at $ 9,000, $ 9,400 and $ 9,900, growth will not stop. Crypto Michaël stressed that he is confident that Bitcoin will easily reach the level of $ 18,000. The expert predicts Bitcoin growth of more than 30% by the end of this year. The possibility of higher rates is also being considered.
Opinion of other industry experts
It is not strange, but the forecasts are quite convergent. Another well-known technical analytics, Josh Rager, has no doubt that Bitcoin is moving to its historical maximum. In his opinion, digital gold will soon overcome the mark of $10,100. It is at this level that a complete reversal can occur and cryptocurrency will begin to fall. However, everything indicates that the crypt will easily overcome a new frontier.
The same bold forecasts are built by other analysts. The vast majority of serious figures in the crypto industry still see Bitcoin as an excellent cryptocurrency. A relatively stable asset should develop, attracting more and more new users. However, such aggressive growth will not go unnoticed for the rest of the coins. All analysts agree that if BTC starts to grow actively, then altcoins will lose their stability. An increase in the volatility of Ethereum, Monero and other well-known cryptocurrencies is expected. Although the situation where Bitcoin is pulling the entire market up is also possible.
In any case, it’s quite difficult to clearly talk about the fate of Bitcoin. Cryptocurrencies still remain very sensitive to the level of demand and other factors, so it’s definitely not worth it to invest all capital in one coin. I want to believe in the best, but we must not forget about caution. Analyze charts, keep track of the price. Find out about all the news of the crypto industry on our website. We publish only high-quality and interesting material. Thank you for your attention, good luck!