According to popular analyst Tony Weiss, Bitcoin (BTC) will be able toAchieve great results.A positive trend will dominate if over the next few days the coin proves that it has updated its fundamental values above $ 9000.
The first cryptocurrency is trading today at $9,428. On the night of Friday, January 31, BTC was able to jump above $9,500, but could not withstand the increased resistance and retreated.
Tony Weiss emphasized:
«If Bitcoin ends this week higher$9,000, then I predict continued growth throughout February. I will decide to sell an apartment or a car and buy BTC even for $20,000, but only if I am confident that Bitcoin will continue to grow by 99%».
A similar point of view is shared by Funstrat analyst Tom Lee. He posted on Twitter this week in which he emphasized that the profit on investments in Bitcoin has already amounted to 26%.
Tom Lee is confident that 2020 will be very goodfor the first cryptocurrency, and the growth of the coin will be observed already in the several months preceding the halving (reduction of the award for bitcoin miners in May 2020).
</p>Bitcoin is best performing asset class YTD 26%… demand for «safe haven» is boosting Bitcoin and arguably, #Bitcoin is seen as a better «safe haven» than $Gold #gold
— Gold is up a decent 3% vs a whopping 26% for Bitcoin pic.twitter.com/GWKEfYGcut
- Thomas Lee (@fundstrat) January 28, 2020
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