Bitcoin will grow in the end of 2018. This is for two reasons

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2018-10-01 14:45:06

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Bitcoin will grow in the end of 2018. This is for two reasons

Throughout 2018 Bitcoin fell more often than ROS. The first cryptocurrency was on the first level of support to 10 thousand dollars, and then gradually decreased to 8, 7 and 6 thousand dollars. At the beginning of the year, the head Foundstrat Tom Lee stated that the coin is not likely to fall below 6 thousand dollars — break-even point for mining.

This condition and the two other important factors will trigger the growth rate of the first cryptocurrency — and it will happen in late 2018. New comments expert results .

6 thousand dollars — a level which is more important in the development of Bitcoin than we thought before. Earlier this year, our analyst called 6 thousand dollars the breakeven point for the production of the first cryptocurrency — level, which should hold. The fact that this prediction came true — great news. Along with two other catalysts that will give Bitcoin the boost to growth at the end of the year. And this happens despite the drop that we saw throughout the 2018.

The other two catalysts Do understand the infrastructure around cryptocurrency exchanges and the emergence of symptoms fear of loss of profits (FOMO) among institutional investors.

The First promotes the launch of the platform Bakkt from ICE, Starbucks and Microsoft, which will operate as approved by the regulators cryptocurrency platform. Trading on the news as institutional investors and large funds. Earlier, Lee said that the platform will finally show the clients of the banks on wall Street way to market digital assets.

Earlier that institutional investors will be released on kaptarenko due to the syndrome of FOMO said Mike Novogratz. However, the analyst predicted that the growth of Bitcoin will begin no earlier than the first quarter of 2019. In this case we have to wait a few months.

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