BTC moved into a long-term uptrend before the end of the year

According to Fundstrat Global Advisors analyst Rob Slamer, in the coming days we will see Bitcoin trade inranging from $ 10,000 to $ 11,000. Thus, the value of the first cryptocurrency will add about 10% of its current values.

Slamer said:

«Bitcoin appears to be in preparation fora new breakthrough. After reaching $11,000, a pullback is possible, but it will be insignificant, after which the long-term upward trend will resume until the end of the year.

The CEO is also positiveThree Arrows Capital Su Zhu, who in December predicted the price of BTC to rise to $9,000 by the end of January 2020. The day before, he posted a post on Twitter in which he announced testing new Bitcoin highs over the next seven days.

The Bitcoin price already exceeded $10,000 yesterdayfutures market, similar dynamics are now expected in spot markets. On the night of Sunday, February 9, the first cryptocurrency rose to $9,819, Bitcoin's market capitalization now exceeds $178.668 billion.

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The activation of users was a good signalBitcoin networks. Analyst Matin Greenspan drew attention to the fact that the value of transactions per day on the blockchain reached $3.5 billion in the middle of this week.

Aggressive skew for next Fri 14feb (Valentine's day) expiry, the options mkt is expecting big moves up the next 7days https://t.co/iK1IOBfoeG

- Su Zhu (@zhusu) February 7, 2020

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