October 28, 2020

Bitcoin rate has found a support line and is ready for growth

Bitcoin rate has found a support line and is ready for growth

The price of Bitcoin (BTC) will return to $ 14,000 at the beginning of 2020, follows from the chart published by Crypto Thies analyst in Twitter account.

The trader believes that the fall, which began in Juneof this year, it ended when the first cryptocurrency exchange rate fell to a value of $ 7300, which corresponds to 0.618 Fibonacci correction level. About this writes RBC Crypto.

“As soon as the BTC rebounded from the 0.618 Fibonacci level, everyone should have started buying Bitcoin”, Wrote Crypto Thies.

He added that the mark at $ 9,100, which in the summer,during the growth of Bitcoin, it was a resistance, now it has become a support line. According to the analyst, if the price of “digital gold” does not fall below this level, we can expect continued growth.

Former analyst and trader Roger Quantrillopredicted Bitcoin growth of 80%. According to the expert, the price of the first cryptocurrency will rise to $ 17,000 by the end of this year. At the moment, the value of the asset is $ 9,323.

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