Expert: Bitcoin is far from the bull market. What's wrong?
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The Cryptocurrency market is an unpredictable element. Part of the reason institutional investors are in no hurry to step into it, however, postpone the repetition of the scenario of the end of last year. The fact that sometimes opinions on the situation in the very near future diverge even within the same company.
A Few days ago, the founder of Fundstrat Tom Lee predicted that in a short time to market of Bitcoin will return to the bulls, and the rate of the first cryptocurrencies will grow. His employee Robert Leimer thinks otherwise. According to him, while the coin will be traded at the level of 6.5 thousand dollars. While growth will take more than one month.
According to Kamara, this year, the first cryptocurrency with great difficulty was fixed at the level of $ 6500. To advance further, she needs to accumulate a margin of safety, the analyst added.
Taking into account the fall of Bitcoin in 2018 in comparison with the end of last year, it can be assumed that the growth of the first cryptocurrencies and the transition to a bullish trend will take months.
The Analyst that for steady growth up the coin necessary to overcome the mark of 7400$. In the current situation it is unlikely that Bitcoin will make it in one leap, he concludes.
Earlier, the head of the Binance Chanpen Zhao said that the cryptocurrency market is not dominated by bears, because what is happening now is nothing like the beginning of a bullish period. He added that he expects the growth rate of the coins in the first quarter of 2019. Also the head of the largest cryptocurrency by market capitalization of the stock exchange noted that it makes no predictions and does not encourage market participants to hodl or plum. According to him, he just "sees and responds" to changes.
Let's hope that the forecasts come true, as Lee and Zhao. But a professional trader always keeps in mind the negative scenario. But the best and the most simple strategy, as you know, this Jodl.
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