The past week closed on a positive note, as the cost of Bitcoin at the time of writing the article is being traded at around $8100. The growth compared with April 12th, when its price was just about $6825, amounting to more than $1000.
The reasons for this growth are that some people consider the first cryptocurrency to be halal, therefore this news has attracted new capital from conservative Muslim investors. Others noted that the time of the “bears” came to an end.
Now simultaneously several large analysts say that Bitcoin will not fall below $6,500 and by the end of the year will overcome last year’s maximum of $20,000.
One of the supporters of this theory is the head of Pantera Capital. Noteworthy, that Dan Morehead is not used to making unfounded statements. At the same time, Tom Lee made his independent statement that now Bitcoin will reach $25,000 very soon.
If you think now that it’s too late to invest in Bitcoin, then you are mistaken. This “bursting bubble”, as it is called by many conservative financial giants, is still able to swell. “Buy due to the rumor, sell due to the news” is a tactic that now works like never before. However, you should not enter this market without understanding how the cryptocurrencies and blockchain work.