Market participants Bitcoin price can penetrate more US $9 thousand

Market participants Bitcoin price can penetrate more US $9 thousand

Shortly after a day of switching, Monday (27/05) early in the morning, Bitcoin suddenly climbed fast from the US $8.007 (at 02.00 WIB) to the US $8.846 (08.04 WIB). Sunday (26/05) before noon to midnight, Bitcoin flat was traded in the range of US $8.018 to the lowest at the US $7.934. After culminating in the US $8.846, Bitcoin is now dropping thinly to the US $8.718 (about Rp125 million). In Indodax.com, Bitcoin was RP127 million.

Bitcoin price

Bitcoin price penetrates at Rp127 million in Indodax.com

Thus, Bitcoin was finally able to penetrate the highest price for a year later, namely US $8.281 on 25 July 2018 ago. Thus, in that time span, Bitcoin was able to print a Cuan up to 20.5 percent. However, if it was at the lowest price on 16 December 2018, the US $3,200, Bitcoin was able to provide a substantial profit of up to the US $176,4 percent.

A number of market participants saw Bitcoin being able to the US $9 thousand in the near term. Crypto market analysts, Christopher Tahir of CryptoWatch this morning revealed, from the current price movements, Bitcoin could have penetrated the US $9 thousand in the near term.

Very reasonable can touch the US $9 thousand in the near term, even more, because the buying impulse is greater than before, he said.

CEO of the Triv.co.id crypto Exchange, Gabriel Rey argues alike. He explained the buying drive was very strong, so it is possible soon that Bitcoin is able to touch the US $9 thousand.

 In late April I briefly mentioned that there would be a massive Bitcoin purchase from China. If after today there will be a sell action, the level is only small. It has been proven that capital flows are high in the crypto world. Moreover, many fund managers have begun to realize that cryptocurrencies are worthy of being a complement to traditional investments, "he asserted. Vins

I think Bitcoin is a good investment tool in addition to stocks and gold. In order for Bitcoin to grow, Bitcoin must gain greater trust from new supporters and their community. The more acceptance and confidence of Bitcoin, the higher the value will be. I think that's a common challenge, "said Tommy, the babysitter of this JSXPRO Youtube channel ID to Blockchainmedia.id today, Monday, (27/05).

Alluding to the way Bitcoin trades, Tommy admits it is very easy. But, he said, what is worth noting is the very high price volatility.

I have to admit the volatility of the Bitcoin price was very high, even exceeded the stock. If in stock there is an upper and lower limit (auto reject). While in this crypto there is no limitation and purely due to supply and demand. Then compared to forex, sometimes the volatility of Bitcoin is even more extreme. It is in my opinion that it is reasonable because the liquidity is much smaller than the forex trading, he asserted.

Nevertheless, Tommy mentions, it is returned to risk tolerance each trader in choosing an investment instrument.

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