Bitcoin investors gave a forecast of the movement of the cryptocurrency rate.
Bitcoin is a decentralized financial technology that could replace fiat currencies across the globe. Bitcoin is the first cryptocurrency to ever be created, sparking the birth of an entire industry and thousands upon thousands of altcoins to be created in its image. Because it holds such potential, Bitcoin price predictions reach as much as $ 1M! Many see the prerequisites for BTC to grow.
Meanwhile, members of the crypto community continue to analyze the potential for further movement of the rate of the most capitalized cryptocurrency. According to the popular analyst blogging under the nickname DonAlt, the opportunity to test the level of $ 12 thousand is open for bitcoin. At the same time, he does not exclude the growth of the cryptocurrency to a height of $ 12,100, in case of positive momentum.
Many members of the crypto community see the potential for further positive movement for BTC. Investors explain their point of view by the fact that the digital asset has successfully gone beyond the formed figure of technical analysis (triangle). To the current price decline, users explain — “a small correction before further growth.”
It is noteworthy that despite the decline in the value of bitcoin from local highs, the fear index of investing in a digital asset is still near its minimum values.
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