Will bounce if the price of Bitcoin above $ 7,000? Expert opinion
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Sharp cryptocurrency this week will not stop the bullish trend. Sure trader CME Brian Stutland. Analyst predicts new wave of growth in Bitcoin above $ 7250 in the short term. About it writes .
thethe Growth of cryptocurrencies can't stop
Stoutland expects a strong rebound of prices of Bitcoin in the near future.
I'm watching the closing of the September futures. 6450 — basic assistance level, which cryptocurrency will climb above 7250 dollars.
The Expert does not exclude that the sharp fall in the price of Bitcoin this week was provoked within Goldman Sachs. Almost immediately after these words of financial Director at an investment Bank , the news about the cancellation of cryptocurrency platform Goldman Sachs was a fake.
Stoutland, on the contrary, does not attach great significance to recent events.
I'd say forget about these guys. Bitcoin was created in order to transfer value without the help of banks. We do not need and will not need in the near future.
The Trader also acknowledged that the main issue of digital assets is excessively high volatility.
I'd like to see a more stable situation on the market, such sudden movements scare many people.
But the bullish trend in the long term will come not earlier than in a year. According to Stoutland, the stock market will fall into a stage of accumulation of the next few months. However, many altcoins will not sustain such market conditions.
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