Kraken analysts predict Bitcoin price rise to $ 90,000

Analysts at the Kraken cryptocurrency exchange have released the latest edition of their monthly report for VIP clients.about the state of the market.According to their observations, the current month was one of the most successful for Bitcoin and Ethereum in history, but the first cryptocurrency could still lose $10,000 — 15,000 cost before continuing the climb.

“BTC ended March with a rise of 30%, sothus six months in a row adding more than 10%. Since April was the second best month for cryptocurrency on average, investors can expect BTC to rise again and form its longest winning streak since its invention. "- the report says.

On average, the price of bitcoin in April rose by51%, which relative to the levels of the beginning of the month gives a target of about $ 90,000. Ether, according to Kraken's observations, is between two important levels of $ 1,462 and $ 2,695, and breaking the latter will be a "major test".

Starting from logarithmic regression curvesto detect a potential peak in ETH during the current cycle, analysts conclude that if history repeats, ETH could rise another 700% from the levels of the end of March to a maximum of $ 15,238. In this scenario, the capitalization of the second largest cryptocurrency would have to rise to $ 1.7 trillion ...

While Kraken analysts generally adhere tobullish expectations, they assume that prices may still roll back. So, support for the bitcoin bull market is formed from 20-week exponential and simple moving averages. In previous cycles, both of these lines were tested before resuming growth.

Good news:both lines have been rising since the beginning of the year, inAs a result, the scale of potential correction was reduced from 29-36% to 17-25%. In other words, Kraken analysts admit the possibility of a decrease in the price of Bitcoin to $45,000.

In the case of ETH, the fall may end atthree-digit levels if the bears manage to push through the aforementioned $ 1,462 support. Thus, Kraken analysts admit that the price of the cryptocurrency may fall by more than 50%.

Where is it more profitable to buy cryptocurrency? 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.

</p>

Rate this publication