Stock exchange analysts believe that the recent fall in the exchange rate of bitcoin was merely a technical correction and in the near future it will start its growth that it would take a global dimension.
Long-term analysis
Traders believe that in the future the rate of bitcoin will easily reach $820, because the cryptocurrency market is showing all signs of recovery. The trading volumes indicate that the big players have already prepared for this race.
If to speak about long term, traders expect the upward trend will continue and by the end of next year the rate of bitcoin will reach $1800.
Mid-term analysis
Mathematical indicators indicate that the growth rate of bitcoin to $1200 may begin earlier than expected. A number of factors, such as economic and political reasons, can cause a leap year this year.
Short-term analysis
In the short term, we can expect that bitcoin will be able to overcome any resistance to the level of $820.
Charts Japanese candlestick indicate that the continued sideways trend is over and the internal analysis of the market gives a chance to expect a quick ascent of bitcoins. Based on the theoretical opportunities and a comprehensive approach to the issue, we can assume that in the near future the upward trend will get a chance to develop.
I believe the BTC cannot grow without capacity increases. I hope segwit will help, but it's late and little.
This is a great article. Happy to share this on Twitter for my followers to read. Following and looking forward to reading more of your posts. Cheers. Stephen
great article, but i think a little optimistic :)
With China migrating their social security system to the blockchain and the recent news that Dubai, along with the UAE plans on funding and using the blockchain technology to fuel a growing population and dynamic financial hub, bitcoin is here to stay and anyone not seeing the potential is blind to what will be a revolutionary transformation of record keeping, data and payment systems, and limitless other possibilities. Just wait until Bitcoin is back over 1k, it will not be too much of a wait.