Cryptocurrency

BTC-dynamics – can reach the Bitcoin price in the summer $ 12,000?

Commonly, it is assumed that the Bitcoin price is still trying to reach previous records or to return at least higher reviews. The price of $ 12,000 is seen as an opportunity for mid-2020, since BTC is trying another outbreak.

Bitcoin-the price of $ 12,000 is quite possible

Yesterday, the Bitcoin price has stagnated just below 8.800 dollars. The short-term forecasts were for a drop to new lows, but in the long term could prepare for BTC on a recovery later in the year.
The active Bitcoin Trading could be the means of some holders, to get more BTC. Analyst Josh Rager advised to a cautious and considered Trading. Richard Hilger completed the picture on crypto-Twitter with a prediction for a price range between lows of 7,300 $ and highs of over 12,000 $.

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Bitcoin is still confronted with short-term fluctuations in both the prices and the volumes. A short failure in Binance led, that the Trading activities are something that the 38 billion dollars.
The prediction of up to $ 12,000 is still close to the usual margin for the Bitcoin price and the General view that the leading Coin will reach at least this year, no new all-time highs.
Yet BTC remains within the range and is equivalent to saying earlier.

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Bitcoin Trading-the return to the “fear”

The Bitcoin Index of fear and greed has fallen to 41 points – still not in panic mode, but out of the recent trip in the yaw area. The Bitcoin price has finished February with a loss, although it has historically come to be considered so far to stronger gains in the second month.
Bear-like settings and short-term declines are not always excluded, and BTC has spent only a short time to peak prices. The predictions are thus, at least for the time being, no quick recovery.

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At the same time the Bitcoin price for unpredictable price jumps and the re-acquisition of the 10,000-Dollar mark within a few days, announced in January. Also, the halving is one of those events that drive the BTC prices, but also lead to a short-term sellout can.
The move below $ 9,000 in led to a slower Trading, with Futures on the Bakkt exchange.

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Without the potential for Recovery of both the volumes and the Open Interest are declining. However, optimism and a positive mood are still present, since the Indian Supreme court issued a historic judgment by the lifting of the ban of the Central Bank.
Also bullish on the legalization of crypto-trading in South Korea.

About the author

Eve Manning

Eve Manning

A native Texan, Eve first started out as a Finance Analyst and later realized that her true passion was not in trading but in writing. She leverages her experience in the Finance industry to analyse and write in-depth news articles covering the Cryptocurrencies, Economy & Finance industries.