In conversation with CNBC, the founder of TradingAnalysis Todd Gordon expressed confidence that the price of bitcoin will break the $5000, however reaches $10,000 by the end of 2019.
Also, according to him, given the dynamics of the “beautiful uptrend”, starting in 2015, the correction from $19 000 to the current values is “irrelevant”. In addition, Gordon notes that the fluctuation of bitcoin prices currently low and is approximately 17%.
“There were times when the volatility reached 20, 30 and 40 percent a week,”he said.
Overall, the analyst believes in the fundamental quality and long-term prospects of bitcoin and other cryptocurrencies, as well as in a quick change of market sentiment.
Recall that in may partner of Blockchain Capital Spencer Bogart expressed confidence that bitcoin will overcome the mark of $10,000 by the end of this year.