July 25, 2021

CNBC Saw Potential For Further Growth For Bitcoin After The Rise …

CNBC Sees Potential For Further Growth In Bitcoin After Rising To $ 16,500

Bitcoin continued its upward movement on Friday night and made several attempts to break above $ 16,500. The result of the last movement was an increase of another 5% within 24 hours. In a week the price increased by 7% and more than 20% in two, thus surpassing the performance of most other world markets.

Now analysts are increasingly considering in their forecasts the possibility of a rise to all-time highs, from which Bitcoin is separated by another 20 percent spurt.

“Watch for these key levels (daily / weekly) from 2017-2018 highs. A probable refusal may occur on them before further upward movement. But after $ 17,149, little will stand in the way of $ 19,000+, ”writes analyst Josh Rager..

CNBC Saw Potential For Bitcoin Further Growth After Rising To $ 16,500Bitcoin Continued Upward ...

Along with this, Bitcoin also approached a gap above $ 16,500 on the Chicago Mercantile Exchange (CME) chart, which it did not have a chance to close before..

The confident growth of the cryptocurrency has led to the fact that CNBC host Brian Kelly turned his attention to it again. According to him, the recovery could continue for a full year after the halving, supported by the participation of institutional investors..

CNBC Saw Potential For Bitcoin Further Growth After Rising To $ 16,500Bitcoin Continued Upward ...

“There are significant opportunities for growth. Most of the gain occurs within a year after the halving, and so far we’ve only seen a few months, and bitcoin is doing what it needs to do, ”he said..

CNBC Saw Potential For Bitcoin Further Growth After Rising To $ 16,500Bitcoin Continued Upward ...

Market participants, however, were not encouraged by his words, recalling that CNBC’s forecasts for 2017-2018 have become a proven counter-indicator for Bitcoin. “This is a harbinger of the end. It was fun, but now we’re going for $ 3,000, ”writes one of the traders.

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