Bitcoin price will rise to $400 thousand in the long term, the analyst believes the Markets Think Naeem Aslam. Now, however, the first cryptocurrency great importance is the level of $4000. This is the strap and determines the price trend in the industry, explained the expert. At the moment, it is essential that the coin has not dropped below this psychological mark, says RBC Crypto.
“There are many questions when it comes to the battle of bitcoin with $4000. The result and sets the tone for a bullish or bearish trend. Starting from December 14, 2018 there were several confrontations between bulls and bears on the price level of $4000. In each of these battles the bulls have lost the war. This time, however, the situation may change,” said Naeem Aslam.
The analyst adds that long-term investors should not worry about price jumps, the first cryptocurrency, as bitcoin price will rise to $400 thousand in the foreseeable future.
“There is a high probability that the next bullish move will have a minimal potential to improve rates 5 times, which is more than $100 thousand. I personally believe that bitcoin has all chances to climb to $400 thousand. It is a simple mathematical calculation that can be done, tracing the last steps of the bulls,” said the analyst.
The value of the main digital coins rose on March 16, almost a week, bitcoin held above the price level of $4000. Yesterday, however, courses of cryptocurrency began to decline sharply. In recent days bitcoin has fallen in price on 1,32%, and now its cost is estimated at $4027.
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