Bitcoin suddenly went into growth. There is a suspicion of major players

Wednesday 1-day uptrend of Bitcoin exceeded 10 percent, spurring the price to almost 4200 dollars, then the coin continued to grow heavy. A good thaw after a long decline, which happened as a result of hard forks of Bitcoin Cash. Recall, the output price of Bitcoin has fallen to an annual low of $ 3,700.

According to the Director of investment, global network of investors and experts of the digital economy Cryptolife.World of Mansur Guseynov, the market is experiencing a correction. He also believes that the cycle of decline Bitcoin may fail, but new lows in this year we will not see.

As writes RIA, the outflow of panicked traders and speculators subsequently fail BTC to around $ 4600. Professor, chair of financial management of REU named after G. V. Plekhanov Constantine Ordov also recommends to pay attention to positive signals from the most notable alternative crypto currencies. According to him, such behavior usually indicates the stabilization and potential growth in the short term.

At the time of writing, the price of BTC has reached $ 4,400.

The economist-columnist, and blockchain enthusiast Maxim blant was also suggested that this could be a real market reversal. He thinks the market was entered by large investors ready to buy up coins at $ 4,000. The main potential indicator of long-term uptrend, he believes the consolidation of the coins at the support level of 5000. However, we can hardly expect the same rapid growth that we saw last year.

Note, assumptions about future movements of Bitcoin is very ambiguous. For example, the founder of the project Civic Vinny Lingham believesthat in the next quarter will definitely not be 5 thousand, although falling below 3 is not going to happen.

This analyst Daily FX Nick Cowley disagrees with him and arguesthat Bitcoin still will test the level of $ 2970. More data look at cryptodata.

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