Bloomberg analysts believe that Bitcoin is much more likely to hit a new high than it is to bounce back to $ 40,000.
The team's report says that the BTC ratewill continue to strengthen in the second quarter of 2021. On Wednesday, April 7, bitcoin is still trading below $ 59,000. The coin has been trying to break through resistance in the $ 60,000 area over the past few days, but is pulling back due to insufficient support.
However, Bloomberg analysts still believe that the second quarter will be more successful for the cryptocurrency.
The report notes:
«More likely scenario for the second quarterThe expectation is that Bitcoin will break through the resistance at $60,000 and head towards $80,000. A pullback stopping at $40,000 is, in our opinion, unlikely.
Institutional adoption of BTC — Thisthe main driver of long-term growth of digital currency. Bitcoin fundamentals have improved significantly in 2021 as sentiment towards the asset has become more positive, especially among large investors.
One of the authors of the report is strategist Mike McGlonerepresents the camp of the so-called «bitcoin bulls». For example, last summer he predicted that BTC would skyrocket to $20,000 by December and turned out to be right.
In this study, McGlone reiterated the growing influence of cryptocurrency. He believes that in the future, gold will become a less attractive instrument compared to Bitcoin.
The largest digital currency will soon receive the status of the main reserve asset, which is currently still held by the precious metal.
Where is it more profitable to buy bitcoin? TOP-5 exchanges
For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.
The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.
Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?
Rating of cryptocurrency exchanges:
| # | Exchange: | Website: | Rating: |
|---|---|---|---|
| 1 | Binance (Editor's Choice) | https://binance.com | 9.7 |
| 2 | Bybit | https://bybit.com | 7.5 |
| 3 | OKEx | https://okex.com | 7.1 |
| 4 | Exmo | https://exmo.me | 6.9 |
| 5 | Huobi | https://huobi.com | 6.5 |
The criteria by which the rating is set in our rating of crypto-exchanges:
- Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
- Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
- Feedback and support– we analyze user reviews and the quality of technical support.
- Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
- Platform Features– availability of additional features — futures, options, staking, etc.
- final grade– the average number of points for all indicators determines the place in the ranking.
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