Why investors should wait to buy Bitcoin? Forecast analyst Fundstrat
Source:
Last week, Bitcoin showed record stability — the volatility of the coins fell to the lowest level in 17 months. This time it was a good opportunity to recoup losses for altcoins. Many of them really managed to rise significantly above their summer lows.
Despite the stability in the markets, technical analyst Fundstrar Global Advisors Rob Sluymer recommends investors to delay the increase of investments in Bitcoin. A positive signal will increase the first cryptocurrency. At the moment it is difficult to predict which side will unfold the price trend of the coin, he added.
theWhen will Bitcoin grow up?
Investors should stay patient and wait for credible evidence that the rate of Bitcoin has indeed entered a phase of growth. Until then, there is a high risk that the price trend may reverse both up and down.
Sluimer believes that Bitcoin needs to make that final step up and rise above their September highs. However, he notes that by the end of the year the first cryptocurrency is unlikely to be above 9 thousand dollars.
A move above the September highs at the moment is a key resistance level for coins. Bitcoin will have to overcome the mark of 7 thousand dollars then you can talk about any future growth the first cryptocurrency.
Source: 2bitcoins.ru
However, it is unlikely that this growth will be sharp. The founder of DeVere Group, Nigel green has expressed doubts about the fact that Bitcoin are waiting for a parabolic move up. The stability of the cryptocurrency in recent weeks, evidence of the maturation of the market. And in a Mature market is almost impossible sharp UPS and downs, he concluded.
The team should be that Bitcoin is still money to be — important to choose the right time to invest. However, it is unlikely that the profits from the first cryptocurrency to be as big as hontarov who sold their coins at the end of 2017. The analysts have collected .
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