Bitcoin Signs a Principle 10 Months Later! Does this bring 10 thousand dollars? – Leading crypto currency Bitcoin (BTC) has shown positive results since the bottom level in December 2018 and for the past few weeks. In the last six days, the world's most popular digital currency has recorded the days of the biggest increase in daily prices and has grown by 2 to 5 percent. According to experts, the growth rate in Bitcoin since July 2018 has not seen these levels.

Bitcoin records longest daily price increase since July 2018

According to a recent article by CoinDesk, the largest crypto currency in terms of market value recorded the longest daily price increase since July 2018. At that time, Bitcoin's crypto money continued for seven consecutive days. This took place between July 13 and July 19. At that time, Bitcoin exceeded $ 7,500. Currently, Bitcoin has risen from $ 8,120 to $ 9,300, according to experts, probably due to rumors about Facebook's digital currency and Blockchain project.

Other important factors include the number of active addresses in the growing Bitcoin network and the hash rate that has reached the all-time high. Yesterday, Facebook announced its digital presence, the Libra, and the launch of the Blockchain project, aimed at improving the financial lives of millions of people around the world. In addition, Facebook, WhatsApp and Facebook Messenger is expected to be used by users announced a wallet called Calibra announced.

According to CoinDesk analyst and Tom Lee, Bitcoin will see $ 10,000

As reported by CoinDesk analyst Omkar Godbole, the long-term outlook for Bitcoin continues to rise. Omkar Godbole thinks that digital assets can go up to $ 10,000. However, some analysts say there may be a correction in the next 24 hours.

In this case, Bitcoin can drop to $ 8,700. There are other experts and analysts who think the crypto currency will be over $ 10,000. One of these analysts is Tom Lee, co-founder of Fundstrat Global Advisor. Tom Lee made the following statement about Bitcoin:

When Bitcoin reaches $ 10,000, there will be a rapid increase to $ 20,000, which will be the highest level that Bitcoin has ever reached. After that, investors will be taken to FOMO and will help the virtual currency reach $ 40,000. Institutional investors will be part of this bull market compared to the latest triggered bull run by individual investors.

Follow us on Twitter and join our Telegram channel to stay up to date on the latest news!

What do you think?

0 points
Upvote Downvote

EURCHF Penetrated $1.116 Level, Targeting $1.108

YouNow Files with SEC for Reg A+ Token Offering