The biggest crypto currency Bitcoin On the stage again. The global banking giant Standard Chartered predicts that Bitcoin will renew the record in the second quarter of the year. According to the bank’s latest report, the largest crypto currency can rise to 120 thousand dollars with its strong market performance and increase in investor interest. Bitcoin is currently traded at $ 90,000. According to experts, there are many global factors that will affect the price in the coming weeks.
Bitcoin continues to signal the recovery
Analysts, Bitcoin’in 93 thousand 220 to 94 thousand 244 dollars in the short term of support zone, he says. After the correction from the summit last Friday, there was a three -wavy classic retreat movement. However, the price of the price at these levels is considered as a new recovery signal.
The prominent analysis scenarios are predominantly optimistic. If the current support levels are maintained, Bitcoin will be able to maintain the upward movement in the coming days. 96 thousand 275 dollars is shown as the short -term target and it is quite possible to test this point in the near future.
Although the market is wavy, buyers show strength
Bitcoin market In general, it follows a wavy course. Price movements have difficulty in determining the net direction from time to time. Especially there is a harsh resistance around 95 thousand 450 dollars. If this level is exceeded, Bitcoin may open for the next leap.
Nevertheless, analysts emphasize that care should be careful. Although the market is apparently positive, short -term uncertainties are still on the table. US central bank‘s (Fed) meeting in May and ongoing Inflation concerns It continues to be effective on the market.
So far, a major summit formation has not been confirmed. The basic support points are still in a deviation. This causes many experts to wait for the rise to continue. In general, Bitcoin’s upward potential is stronger than ever in a period in which investor interest increases and large banks are reintegrated in the crypto currency market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
