What will happen to the bitcoin rate in the near future? Expert forecasts

The bitcoin rate could skyrocket to $12,100, said Amsterdam Stock Exchange analyst Michaelvan de Poppe in an interview with Cointelegraph. He said that key resistance has formed in the $ 11,000-11,300 zone. If the price breaks it, a sharp upward movement is likely to begin. Writes about this RBC Crypto.

This resistance level is strong, and buyersit will be difficult to overcome, Poppé stressed. Therefore, a scenario with a decline in the rate of the cryptocurrency to the support line of $ 10,000 cannot be ruled out. If the fall accelerates and the price drops below this mark, the next target will be the area of ​​$ 9200-9500.

Portal analyst expects a similar development of eventsLiveBitcoinNews Ayash Jindal. He reported that an upward channel has formed on the Bitcoin chart. Its upper border, at about $ 11,000, acts as resistance. Overcoming it will open the way to $ 11,500.

If the resistance holds, it will be likelythe decline in the BTC rate to the lower border of the channel, it passes near the $ 10,500 mark. If the fall continues, the next support zone will be the $ 10,350 level. A simple moving average passes here, which will keep the price of the cryptocurrency from falling to $ 10,000.

If the price falls below $ 10,000, it will openopportunities for buying bitcoin, says Anton Kravchenko, CEO of Xena Financial Systems. According to him, the price of the coin could rise to $ 14,000 by the end of next year. Kravchenko also suggested keeping an eye on the level of $ 13,000. Overcoming this mark by the rate will make possible a rapid rise to $ 17,000.

"The cost of mining BTC is between $ 9000 and $ 10,000. Anything below $ 10,000 can be bought with a target of $ 14,000 by the end of 2021", - predicted Kravchenko.

An optimistic attitude is also held bytrader and founder of Tradeunity Dmitry Lavrov. He expects the bitcoin rate to continue to rise to $ 11,000. This is a resistance level, and if it is broken, it is likely to move towards $ 12,000-12,500. Once these levels are reached, the next target will be $ 14,000, but such an increase may take about four months ...

EXANTE analyst Viktor Argonov added thatnow the BTC rate is largely dependent on events in the stock markets. Indicative was the drop in stock prices that occurred in early September, against which the bitcoin rate fell even more than the stock indices.

“Since then, neither he nor the indices have returned tothe highs of the beginning of the month. Many investors are afraid that if a real panic collapse begins in the stock market, then BTC will rush after other assets, as in March ", - said Argonov.

According to his forecasts, the fall in the bitcoin rate to$ 3800, as happened in March, is unlikely. On the contrary, fundamental factors speak in favor of growth until the end of the year, first of all, we are talking about the May halving. But for a positive scenario, it is necessary that more certainty appears on the US stock market. There is no certainty about this, since the presidential elections in the United States are coming and the risks of a second wave of coronavirus infections remain.

In September, the most demanded options onDeribit exchanged contracts with a strike price of $ 36,000 until the end of 2020. This means that platform users expect BTC to rise in price by over 200% within three months.

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