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Bitcoin recovers and touches $ 50,000: will it continue to rise?

Regarding the main cryptocurrencies, Etherum It also had a boost and exceeds $ 3,200 and Cardano, it shoots up 10% to $ 2.79.

Another cryptocurrency that continues to rise is Binance Coin exceeding 12% increase in the last seven days. The digital currency that fell the most in the last 24 hours was XRP marking a negative of 1.59% and 3.07% for the week. The one that is positioning itself the most is Solarium, which in the last week exceeded 60% growth.

In April and May 2021, the market capitalization of all cryptocurrencies floating in cyberspace rose to a level close to $ 2.5 trillion. After nearly halving in value, it again approached the $ 2 trillion level on August 17.

Bitcoin it fell from $ 65,520 on the April 14 close futures contract to a low of $ 28,800 at the end of June. Etherum, the second largest member of the asset class, plummeted from $ 4,406.50 to $ 1,697.75 from the May high to the June low.

Volatility is a hardship for passive investors. Meanwhile, price swings create a haven of opportunity for those who keep an eye on the markets.

Can the price of Bitcoin hit $ 100,000 this year?

The analyst Carlos Maslatón He talked about the price of Bitcoin, took a historical tour of the price of Bitcoin and expressed some forecasts. “Bitcoin is going towards a million dollars, but it will not be soon, nor will it get there directly,” he said bluntly.

Looking towards a future horizon, taking into account “all the movement that is now being navigated”, and thinking of a maximum amount, Maslatón spoke of two figures to take into account thinking about where the price of Bitcoin will go in the short term. “I have two numbers: one is USD 357,934. What is now worth 49,212 is targeting the figure of $ 357,934. The second possible extension is 464,342. We go to one of those two levels, ”he clarified.

Will it reach a million dollars? “We are going towards the green stick (a million dollars) of Bitcoin but not directly. We are going further ahead, indirectly ”, remarked Maslatón.

Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: [email protected] Phone: +1 513-209-1700

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