CEX.IO company blog | In the long term, Bitcoin may rise again

Against the backdrop of the fluctuating Bitcoin rate, Yuri Mazur, head of the data analysis department of the internationalcrypto broker CEX.IO Broker, gave a forecast to a Russia Today journalist about how soon Bitcoin will be able to rise in price.

After reaching the $ 19,000-20,500 range, the bitcoin price will begin to recover.

In favor of the cryptocurrency market is still playedactions of world central banks. In 2020, regulators in many countries significantly lowered interest rates and began to actively print money to support national economies. This policy increases inflationary risks, so investors will again start buying digital coins more often to protect their money.

After a period of decline in the rate,new wave of growth. The target mark for bitcoin will be the level of $ 42,000. Exceeding this indicator will also be possible, but it is too early to make specific forecasts.

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