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.
As soon as $ BTC bounced off of the .618, many should have started hoarding #bitcoin like it was ... well, Bitcoin. $ BTC Bears beware ... you may not want to short this next ‘attempted’ pump
As price sits at $ 9.4k as of this post, my notes below highlight what to expect in Nov / Dec pic.twitter.com/XfBE6Kf0Yz
- CryptoThies (@KingThies) November 6, 2019
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.</p>