Today we are seeing a very interesting picture of the cryptocurrency market. Bitcoin shows fast and sharp growth, and altcoins now look very bad.
I want to share my opinion and how I see developments in the coming months in the cryptocurrency market:
Now, most news telling that Bitcoin for the first time in 1.5 years has overcome the price of 10 thousand dollars and this suggests that now many people will go to buy Bitcoin and FOMO will come to the market. This will definitely push the price up. Based on technical analysis, I think that in June or early July we will see a bitcoin price of 11825 dollars for bitcoin. but we all know that after each growth correction must come, and now it, too, will have to happen in order to take money from weakly believing people. It will come from the level of 11825 that as I see the correction and I think that during the correction there is a chance to return to the level of 7500-7900 for Bitcoin. Will we go below the 7500 as Tone Vays said? - I think no.
After the correction, there will be an accumulation of positions for several months, and then a lot of positive news, the arrival of large investors and to the moon.
Make your investment strategy by yourself and watch the market every day.......
What do you think about this? Am I right?
Well, I think that your forecasts generally come true. At the end of June, there really was a decline in the price of bitcoin, but not so much. After this, for several months, bitcoin is accumulating its capabilities and now it is ready for further growth. Most likely, in the fourth quarter we will see a good growth in the cryptocurrency market. The intrigue is caused by altcoins, whether they will finally grow after Bitcoin. I hope that this time altcoins will please us.