The current rate of Bitcoin pleases all the crypto fans, as it has relatively stabilized at the $7900 mark, which is much higher than it was during the so-called crypto winter. However some analysts expressed their opinions that Bitcoin would go down to $7300 point and would stay there.
DonAlt, a promising analyst in Twitter, posted his point of view on this matter, he believes that the world’s first cryptocurrency will show downward tendency as some selling pressure may occur.
$BTC weekly update:
Just closed my ETHUSD and BTC long from 7300 & 235 respectively.
The way I margin trade a bull market is to buy support & take profit at resistance while staying in spot positions
I'll look for 7300 to relong, if that doesn't happen I'll long a S/R flip. pic.twitter.com/cRRkq1z8bo
— DonAlt (@CryptoDonAlt) May 20, 2019
Other famous crypto personalities have expressed their views on Bitcoin’s price, in particular, Tom Lee and Mike Novogratz. The former is sure that the price the Bitcoin will approach $14,000 per coin and that the bullish market has already started, thus, crypto fans just need to wait. Mike Novogratz is also positive about Bitcoin, believing that it will have reached $20,000 by 2021
We remind you
Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/