What will be the rate of Bitcoin before end of the week? Experts forecast
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At the end of last week broke the resistance level at 7.2 thousands of dollars and continues to grow. It seems that this trend will continue throughout the coming week. This writes with reference to the analyst.
theWhen I grow up Bitcoin
According to the Professor, chair of financial management, Plekhanov Russian University of Economics Constantine Ordova, the growth of Bitcoin is above 7.2 thousand dollars looks very convincing — and the value of the coins in the coming days will slowly rise up.
Bitcoin needs mass recognition. This is the only driver of growth of quotations. In the coming days, there is no reason for pessimism, so I can «green» bandwidth, but not higher than 7.8 thousand Bitcoin this week.
Chief analyst Tokenbox Igor Doganov agree with this forecast, but warns of possible speculation in the market.
A Very likely scenario is the continuation of the positive dynamics in the next week. It is worth noting a sharp increase in short positions for 2 September. On the Bitfinex exchange gain «bearish» was 52 percent for the day, which is very rare. Thus, most traders do not believe in the development of a new upward trend or have insider info.
Analysts believe that the global reason for the rise of Bitcoin has been the opening of trading in cryptocurrencies in Yahoo Finance, as well as plans to exchange CBOE to start trading futures contracts on the Ethereum.
The Chicago stock exchange said it plans to launch futures ETH to the end of the year, which gives a positive impulse for the market as a whole. In General, it is perfectly fit into the framework of development of financial tools around the cryptocurrency market have to wait for the decision of the SEC on the initiative of the CBOE.
Yesterday, the Dutch economist and Advisor to the National Bank of the Netherlands, Joost van de Burgt that found a correlation between Bitcoin price and the number of queries about the first cryptocurrency to Google. According to him, people interested in the coin when it increases and negative news about the market not reflected in their desire to make money.
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