A research carried out by Fundstrat Global Advisor, states that the market of cryptocurrency is preparing to rise again. An analysis that was recently published by the company, most digital currencies have seen a trend that has become positive again in the last period.
During an interview with the Bloomberg economic information portal, the Fundstrat Technical Strategist Rob Sluymer he said that investors should be patient at the moment as the market starts showing signs of a new growth trend. In fact, he stressed that a trend is currently developing which leads to a bullish movement for most digital currencies. Taking Bitcoin as an example (see Bitcoin value), it will be possible to gain momentum starting from the current levels, thus reaching the next resistance step at a value between 8.800 and 9.000 dollars.
In April of this year Tom Lee, the founder of Fundstrat has predicted that by 2020 the prices of digital coins will again reach historic highs. Tom Lee also said that the first signs of improvement of the fundamentals, the technical factors are improving and there is finally real activity by those who own digital coins. I believe therefore, that one deviation of about 2,5 for Bitcoin could succeed in making the price soar towards the 14 thousand dollars.
Finally, according to the analyst specialized mainly in Bitcoin, during the end of the year the digital currency could currently reach a value of 25 thousand dollars. In his opinion, the cryptocurrency will continue to rise, because I am of the opinion that in four years or so Bitcoin will occupy 5% of the global market. "
Remember that soon there isBitcoin halving
