Bitcoin made a breakout this week.
Today, April 15, the coin is trading in the $ 62,800 area. BTC corrected slightly after a spurt above $ 64,000 last Wednesday.
The Russian Association of Cryptoindustry and Blockchain (RAKIB) believes that in the summer we will see a significant drop in the value of the largest digital currency.
According to the executive director of this organization, Alexander Brazhnikov, a massive cryptocurrency sale is expected during the summer.
If investors want to make good money on the spring rally, they can provoke a collapse of the BTC rate to $ 45,000 or even to $ 40,000. However, soon the positive trend will become dominant again, and bitcoin will resume its expansion.
The representative of RACIB does not exclude a scenario in which the price of bitcoin by the end of 2021 will approach $ 100,000.
In the face of global economic instability, many investors will rush to the crypto sphere. The dollar is rapidly losing its attractiveness. It is this trend that will push BTC to new highs, the RT TV channel quotes the words of the Russian expert.
Brazhnikov also added:
It [биткоин] is becoming an increasingly popular means of payment.
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