Bitcoin Climbs Above 21,000 But Experts Recommend “Controlling Enthusiasm”

Bitcoin recovers positions in a very important way, over $21,000. after breaking through resistance at $18,420 on Friday.. Experts are wondering on Monday whether the “crypto winter,” bitcoin’s period of decline, which was largely exacerbated by the FTX crisis, is over.

“The price of bitcoin seems to be in the process of priming. a massive and strong rebound(…) although traders should be careful and keep their enthusiasm in check. We are not out of the inn nor can it be said that the crypto winter is over.. The price must cross above the mark of $30,000, which is a really long way. at the moment,” says Naeem Aslam, director of research at AvaTrade.

In a similar vein, César Nuez, technical analyst at Bolsamanía, said. Last Friday, he anticipated bitcoin rising to $21,400. after breaking through the resistance at $18,420. “However, to see an improvement in the medium and long term, we have to wait a close above $25,270, prices at least 34% higher. above current prices,” says Nuez.

The Bolsamania expert adds that, despite the rises that bitcoin has accumulated since the beginning of the year, it must be taken into account that its trend is strongly bearish and it is likely that we could witness the return of the sale at any time. The first level of support is at the level $16,090.


The founder of SkyBridge Capital, Anthony Scaramucciestimate that 2023 will be a “year of recovery” for bitcoin and predicts that it could reach $50,000 to $100,000 in two or three years..

“You take a risk, but you also believe in (bitcoin) adoption. So if we get the right adoption, and I think we will, that will be the right adoption. It could easily become a $50-100,000 asset in the next two or three years.“said Scaramucci.

Scaramucci has announced that he will invest his personal funds to… support the new venture of Brett Harrison, former president of FTX US.which was unveiled just three weeks after the collapse of the FTX cryptocurrency platform.

It is understood that the cryptocurrency software company – which has not yet been named – will allow cryptocurrency traders to create algorithm-based strategies to access different markets, both centralized and decentralized.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *