In particular, crypto analyst EGRAG CRYPTO believes that Bitcoin can not only consolidate at $38 thousand (the currency is currently trading at $36636) but also surpass $40 thousand. KALEO, another expert who is confident in such possibilities of Bitcoin, echoes him.
However, both analysts warn that BTC’s price could drop to $32-34 thousand before reaching a record high. Additionally, Bitcoin’s growth could put pressure on altcoins.
Meanwhile, another cryptanalyst, trader and expert at Rekt Capital sees no particular reason to be optimistic. According to him, BTC could repeat the price pattern of 2016 and “fail” by 40%.
“Bitcoin could potentially see a pullback of up to 40% around halving. We will focus on this period [2016 года]”before the halving,” said the cryptanalyst.
Source: Ferra
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
