The BitStil platform (reviewed here) has come with another Bitcoin Price level prediction that, as they claim, we will test very soon. At the moment, we are seeing a correction in the price of the 1st (by market capitalization) cryptocurrency, but, as everyone should already understand, everything can change even in a few hours.
Whether we see a deeper correction to $30,000 (or even lower..), or the next step goes to $42,000 again – all this we will see in a fairly short time. In the meantime, some news from BitStil:
Bitcoin Expert AnalysisThe report of BitStil financial analysts as of January 13 was disappointing, but this year will also bring good news.Bitcoin went up from $20 000 to $42 000 in less than a month, and then went down almost to $32 000.In the first three quarters of 2020, bitcoin traded about $10 000 on average. In March, against the background of coronavirus spreading, the quotes dropped almost to $5 000, but then the price was restored.A fast growth started from the second half of October when the quotes went up twice to $20 000 in two months. The price doubled again in the next month – to $40 000.The BitStil financial analyst Josh Radnor assumed that there’s a short-term adjustment on the market and that this is a great opportunity to buy cryptocurrencies leading by capitalization. Soon bitcoin will test maximal $42 000 again, the expert supposed.In his opinion, the investors who bought BTC with a several-years perspective should not sell it now. In the long-term bitcoin could cost to $400 000, Josh said in December.For those who didn’t invest their money in cryptocurrency, this is a great chance to start.Join BitStil and take the quality of your living to a whole new level!
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