Analyst predicted the Bitcoin below $ 9,000 by year-end. Hudlite or drain?
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It is Unlikely before the end of the year Bitcoin will overcome a mark in 9000 dollars. This was stated by the former Manager of hedge Fund Fortress, Mike Novogratz, who previously predicted the course of the first cryptocurrency to January of the next year at 40 thousand dollars.
A New expert forecast made during the conference Finance Disrupted. According to him, a very serious impact on first cryptocurrency have investors who try to benefit from the game on short positions. Another reason is the activity of cryptocurrency startups who need to cover operating expenses.
I don't think Bitcoin will succeed to break the level of 9000 dollars before the end of the year.
Novogratz added that in the second quarter of next year, the first cryptocurrency will cost about 10 thousand dollars. But this will happen only in case of absence of negative news in the market.
The Analyst added that cryptocurrency startups earn several times less than during the boom at the end of 2017. His words are quoted in .
Yesterday, the analyst Fundstrat Robert Claimer that the growth of Bitcoin in the coming months should not count. According to his forecast, the first cryptocurrency to be traded at their current level of $ 6500 at least until the end of the first quarter of 2019. That's how much time will likely need to return to the market.
The Head of Fundstrat Tom Lee voiced a different opinion — according to him, the bulls will return to the market in the coming months, and Bitcoin against the backdrop of these events will increase dramatically. Agree with him the head of the Binance Chanpen Zhao, who believes that growth will start early next year. The head of the largest by market capitalization trading platforms noted that it is not pushing market participants to specific actions, but only expresses his own opinion about the situation in the industry.
As always, I hope that will come true a positive Outlook, and the market out of a correction phase. It lasts for almost a year. It is time to go for growth.
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