If the date is repeated, bitcoin prices will reach $ 340,000!

Abstract

Following a swing last week, Bitcoin is now approaching the end of the weekend without fluctuations, with prices range from $ 3,800 to $ 3,700.

5 12 19

Following a swing last week, Bitcoin is now approaching the end of the weekend without fluctuations, with prices range from $ 3,800 to $ 3,700.

Although the bearish market has led Critical Investors to the bottom of the price range, one analysts pointed out that if the date is repeated, Bitcoin will rise to the next upward trend at $ 300,000.

Analyst: The bovine market will cost $ 100,000 to $ 340,000 at the next bovine market
At the moment, the price of Quinn has dropped slightly to $ 3,767 a day earlier. Last weekend, Bitcoin saw a fluctuation fluctuating around $ 4,200, but afterwards he was hit by a boost in sales, and the bitcoin price dropped to $ 3,800.

Although the bitcoin price fluctuation rate has declined dramatically as the downtrend continues, the fluctuations of the digital currency are very small compared to the long-term trend.

Scarface, one of the most famous traders or traders in the digital currency, recently spoke on the future of Bitcoin on Twitter, taking into account the recurrence of history. He said:

Whenever the Bitcoin price fell by more than 70 percent, the uptrend has been 5.1 to 16.89 times more than last time. If this happens again, the bitcoin price will rise to a record $ 102,000 to $ 336,000.

Of course there is no guarantee that the date will be repeated, and this digital currency will require a lot of capital injection to reach $ 300,000, to reach a market value of $ 7 trillion.

Increasing the number of transactions and the volume of equations can be signs of a bullish trend for Bitcoin
Although Bitcoin's rise to $ 300,000 may seem more like a dream, one of Cripto's leading analysts has pointed out that increasing the number of transactions and the volume of bitcoin equations in exchanges could be a positive sign for this digital currency. . Matthew Greenspan, senior analyst at Crafting Market at eToro, said in an interview with Bloomberg:

What I've seen recently is the increase in the number of transactions on the blockade of the Blockchain  BITCOIN and the volume of trading in Cryptos exchanges, which is at its highest level in the last year. Although we are on the downside, there are many reasons for optimism about the future.

Analysts and traders watch the bitcoin weekly to see if they gain a price increase over the weekend.

Source: newsbtc

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