Bitcoin price predicted to be high level
Bitcoin price predicted to be a high level
Investors and Bitcoin traders can be a little smiling. Because the price of this most popular digital currency (cryptocurrency) is back up high after continuing to be chastened of selling action.
Quoting Coinbase, until 13:00 WIB, Bitcoin is traded at a range of US $3.740 per coin or equivalent to Rp 54.26 million. In the last 24 hours, the Bitcoin price has increased by 7.18% or equivalent to Rp 4.16 million.
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Other digital currency prices also rise high. The highest is Bitcoin Cash that strengthened 35.65% in the last 24 hours to the US $118,52 per coin. Ethereum also strengthened 10.5% to the US $103,5 per coin.
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Bitcoin Cs Price increase due to re-entry of investors and traders to this digital asset. Investors assess the current price of Bitcoin Cs is reasonably priced and already reach the bottom of the price.
Previously, co-founder Fundstrat Global Advisor Tom Lee said the fall in the price of Bitcoin that occurred in November to mid-December 2018 was a form of panic action for investors and traders who saw Bitcoin Cs be regulated more strictly Countries of the world.
But this panic has been seen steadily subsided. Tom Lee still believes the price of Bitcoin can return. The research decreases Bitcoin's current reasonable price at the range of US $13.800 to the US $14.800 per coin. "I would like to, if Bitcoin in 2020 can rise above the US $6,000, then bullish will happen with a target of US $25,000, " He said in the description received Kontan.co.id, Saturday (16/3).
According to Rey, Bitcoin is fundamentally stronger, such as the presence of Fidelity Digital Asset, Lightning Network, Back and many more.
"In case of FOMO (fear of missing opportunity), it will be greater than FOMO in 2017. Moreover, Bitcoin users are now much more, "says Rey who has been in the world of Bitcoin since 2014.
However, Rey reminded that the price of Bitcoin will still be bearish this year if it has not been able to break out from the US $6000 level. Currently, Bitcoin is still moving sideways in the range of US $3000 to the US $4000.
To Bitcoin investors, Rey suggested buying Bitcoin when the price was above the US $6,000.
"I suggest if you want to safely buy Bitcoin when the price is above the US $6,000. But, for the risk taker, if you want entry now is also no problem, anyway, the price has dropped 90 percent. If it goes down again, the greatest + 5 percent (to 95 percent). But this is coupled with a greater capital gain, "he added.
Halving Day refers to the raw concept in Bitcoin, which is reward per block to the miner which decreases by half. It happens every 4 years or every 210,000 blocks.
This reduction will have an impact on the overall availability of Bitcoin, so Bitcoin will potentially become more expensive, as it allows demand exceeds the existing supply in the market.
In other words, the supply amount is increased, but smaller than before. Remember, Bitcoin is capped at a maximum of 21 million units. As of 15 March 2019, circulating about 17,589,650 units.
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