Specialist points the price of Bitcoin will reach US $ 25 thousand by the end of the year
Specialist points the price of Bitcoin will reach US $ 25 thousand by the end of the year
Criptomoedas Fácil has shown the expectation of several economic analysts and specialists in graphic analysis on how the price of Bitcoin should behave in the coming months, since the market has been facing, for most of the year, low volatility .
This variation in the price of Bitcoin is even below some of Wall Street's most important and popular stocks. The volatility of the BTC continues to fall. The intra-day range of operations in the last two months is at its lowest since 2012. The cryptoactive is in the fourth consecutive longest period of decline in volume of operations. Some experts like Fernando Ulrich, from XDEX, say the scenario should not change until the end of the year.
"THE VALUE OF BITCOIN PASSES TODAY FOR A MOMENT OF STABILIZATION, COMING FROM A HIGH HIGH OF 2017. THE TREND IS TO MAINTAIN IT, ESPECIALLY BECAUSE THERE WAS AN OUTLINK OF INVESTORS WHO DID NOT KNOW THE MARKET AND SAW THE STRONG VALORIZATION", HIGHLIGHTS
However, Tom Lee, co-founder of Fundstrat Global, recently pointed out that he still believes that the stability trend will break and Bitcoin is about to exceed $ 25,000.
"People are very pessimistic [...] You know that market conditions have been terrible and we are below the 200-day moving average. We [Fundstrat] have just published a report this week that pointed out to our customers that when Bitcoin is under 200 days, it only goes up 50% of the time in the next six months. But when it's above the 200-day average, it's 80% of the time [in the next six months], so the implied trend in the 200 days is obviously very important, "he said.
According to Lee, by the end of the year, the equilibrium cost of mining will be around $ 8 and $ 9,000, this is an important indicator, although it does not mean that it is a floor for the quotation, it is indicative of how the market should behave. The New York-based analyst added that Bitcoin has traded twice over its "break-even", twice as much as its mining cost, hence forecasting a price above $ 20,000.
For Kevin Davitt, senior analyst at CBOR, the Chicago bourse that lists future contracts for Bitcoin, the BTC may be "at its default" price, indicating that low volatility may be a new setting for the asset.
"WE MAY BE WITNESSING MARKET MATURITY. IT IS VERY LOW TO DECLARE THIS AS THE 'NEW PATTERN', BUT THE PERSISTENT REACH IN THE LAST WEEKS MAY BE SUGGESTING A STRUCTURAL CHANGE. THE TIME WILL BE ", COMPLETED.
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