According to the news website Zycrypto, recently, an analyst of the television program “Fast Money” on CNBC, Brian Kelly, analyzing the latest daily leap of bitcoin, said on the beginning of a bullish movement of the price of the home cryptocurrency up.
So, for the last 24 hours, bitcoin has been able to overcome the mark of $6500, while almost all other digital tokens of value increase of 2% or more. Some cryptocurrencies, such as VeChain, Ontology, Nano, Pundi X, Populous and Cortex, increased in price from 30% to 80%.
Brian Kelly believes that the cost of bitcoin will continue to increase, saying that the current spurt in the market of digital tokens is a “cocky jerk” bull. He believes that the recent drawdown of the price of the BTC token is connected with approximation to the closing date of the futures contracts open on the American stock exchange CBoE.
According to statistics received by Justin Stanislavm with CNBC, bitcoin falls sharply in price within a few days before the closing date of cryptocurrency futures, and bounces up 10% in a week after the closure of the contracts. Thus, due to the fact that recently there have been the closure of the futures exchange CBoE in the next few days should see an increase in digital coins BTC.
As the price of altcoins is still correlated with the value of bitcoin, the near future movement of the main cryptocurrency for 10% -15% up able to recover the price of the other virtual coins on the level of a month ago.
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