Bitcoin price reaches $ 10,000, analysts expect continued growth

Bitcoin began to strengthen its position in the market at the end of last week. The coin was able to rise to $10,100 on some trading platforms.

However, on Sunday evening, July 26, supportweakened, as a result, BTC fell to $ 9,900. On Monday night, the bulls re-activated, which led to the resumption of growth in the value of the largest digital currency. At the time of this posting, Bitcoin has reached $ 10,200, the highest since mid-February 2020.

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Cryptocurrency capitalization today is just over $ 188.044 billion (+ 5.5%). Many analysts previously spoke about the inevitability of the resumption of Bitcoin growth.

One of them is the CEO of Three Arrows Capital SuZhu stressed back in June that the stock market had strengthened significantly. During this period, bitcoin volatility was at a three-year low, but following the stock market, capital will inevitably go to BTC. This is what happened in the end.

Trader Adam Mancini also believes thatcryptocurrency will continue to expand. He posted a post on Twitter in which he predicted an increase in the BTC rate to $15,000. Investments in this instrument will increase following the growth of investment in the precious metals market.

Bitcoin $BTCUSD is setting up for a move —likely to follow in $GOLD's footsteps. We’re coiling into a multi-year triangle, and these don’t resolve with small moves. Given the trend entering this pattern was up, this should resolve the same way with 15k then 24k targets pic.twitter.com/9rRFm75PPp

- Adam Mancini (@ AdamMancini4) July 26, 2020

Recently it became known that the correlation betweenBitcoin and gold prices continue to strengthen. At the same time, according to Mancini, the growth of BTC will continue even after reaching $15,000. The coin will update its highs around $24,000.

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