December 2, 2023

Zavyalov Ilya Nikolaevich about Bitcoin.

Before you dive into the article, pay attention to the fact thatthe fact that none of theis financial advice, please do your own research to make a more informed decision.

Zavyalov Ilya Nikolaevich about Bitcoin.

Leading analysts spoke about the beginning of a bullishBitcoin rally and the imminent rise in price of BTC to $150,000. If you take a look at the Bitcoin price chart over the past year, you will notice that the first cryptocurrency has traded in a wide range.

At the same time, the beginning of the year was extremely alarming,since for 1 military vehicle they gave less than 16 thousand dollars. The situation seemed extremely dangerous, and many analysts assured that the crypto winter would last a long time and empty the pockets of not only investors, but also miners. It turns out that Bitcoin is cheaper because a significant portion of each coin mined is the cost of electricity. At some point, the rate of the first cryptocurrency went up, but then repeatedly met market resistance. There were many reasons on the way to success, including inconsistent legislative policies of the US authorities and ongoing pressure from the US regulator on many digital assets. It came to the point of wanting to control all trading operations on exchanges, and all this had a negative impact on the value of Bitcoin.

There has been no good news lately, and at the beginning of the year, analysts said that the first cryptocurrency would be in an uncertain position until November. It looks like the predictions are starting to come true.

BTC has grown significantly, and fundamentalthere are no prerequisites for such a situation. Yesterday evening (October 23) they gave 31 thousand dollars for 1 coin. By lunchtime the rate had fallen to $30,500, and experts unanimously spoke of another bullish cycle. Let's look at the main recommendations. Thus, a well-known cryptostrategist with an army of subscribers of 347 thousand people believes that this week the first cryptocurrency will test the ceiling of 33 thousand dollars, and by the end of the year it will exceed 40 thousand. The optimal value seems to be a ceiling of $100,000, but this price will be formed by the end of 2024…