July 21, 2024

Cryptocurrency analysts are still confident in the growth of bitcoin

Despite the fact that on Saturday the rate of the first cryptocurrency, having pushed off from the level of $ 9,200, fell to $ 8,300, cryptocurrency analysts are confident in the continued growth of bitcoin.

According to Peter Brandt, courseThe first cryptocurrency tested the upper limit of the downward channel and was slightly adjusted. Brandt noted that this is normal for financial markets, so there is no question of a trend reversal.

EToro Senior Analyst Mati Greenspan (MatiGreenspan) also supported the opinion of a colleague. He emphasized that rolling back the price of the first cryptocurrency to $ 8,300 is even useful. According to him, now there is an accumulation of positions by large buyers and in the near future the bitcoin rate may rush up.

Previously, CEO of the largest exchangeBitMEX Cryptocurrency Derivatives Arthur Hayes said liquidity in the cryptocurrency market declines significantly during the Chinese New Year.