The rate of Bitcoin will overcome the mark of $100,000 now with even greater probability, was written by the former technical Director of cryptocurrency exchanges Coinbase Balaji Srinivasan in his Twitter account. According to him, in favor of the repeated rise in price first cryptocurrency says the growth of its price above $10,000, although it seemed unbelievable 10 years ago, according to RBC Crypto.
In 2009, it was unlikely that BTC would cross the $100k. But conditional on BTC having *already crossed* $10k, it was more likely to cross $100k.
On Dec 1, 2019 it was unlikely the virus would cross 100k cases. But having *accelerated* past 10k, it was more likely to cross 100k. pic.twitter.com/XzFvxKZbEC
— Balaji S. Srinivasan (@balajis) February 13, 2020
«In 2009, it was unthinkable that the exchange rate BTC will cross $100 thousand But under condition that BTC is already over $10 thousand, it is very likely that its price will be able to overcome and $100 thousand,» said Srinivasan.
In addition, he compared the first cryptocurrency with the coronavirus. Srinivasan believes that, on 1 December, when the disease soon began to spread, it was unlikely the increase in the number of infected up to 100 thousand Now, when their number exceeded 10 thousand, an increase of 10 times it seems predictable, said the former technical Director.
The price increase of Bitcoin also expects analyst and founder Bloсkroots Josh Rager. In his opinion, the price of cryptocurrency will rise to $11 400-11 550, if you can overcome the resistance levels at $10 761 and $11 000.
In this case, the next target for the rate of Bitcoin will be around $13 800, the analyst added. But he noted that a major impediment to the appreciation of the coins will be a cluster of sell orders of an asset located on $12 000.
$BTC $10,761 remains the resistance on the monthly chart
But if we zoom in inside the monthly, we’ll see the horizontal resistance at $11k
And $BTC could get as high as $11,400 to $11,550 before topping out IMO (VAH/VP)
I’ll stay in spot positions until then & likely short hedge pic.twitter.com/LjRnO01KwD
— Josh Rager 📈 (@Josh_Rager) February 13, 2020
The fall in the price of Bitcoin said the founder of the platform TheBirbNest and trader CryptoBirb. In his Twitter account, he published the first chart of cryptocurrency, showing that her course was deviated from the trend line. Probably he would come back and protest the level of $8250-8600, and then continue to rise to a new high, predicted an entrepreneur.
all in all not much time left till $btc correction imo
if you get the chance to long 8250-8600 and don’t buy there then sorry, but we would have to rally to ATH without you👋 pic.twitter.com/YWXPJhPXsz
— Crypto₿irb (@crypto_birb) February 13, 2020
Since late January there has been a sharp increase in requests «to buy Bitcoin» in Google. Trader The Moon suggested that this suggests the inflow into the cryptocurrency market new investors and will help home digital coin to imitate up to $20 000.