Members of the crypto community have differing opinions on whether BTC can continue to grow.
Popular trader in the crypto community Doctor Profit believesthat the immediate prospects for BTC will be determined by the moving average MA20. Its breakthrough, in his opinion, could help reduce Bitcoin to the levels of $33-34 thousand. Previously, Doctor Profit twice correctly predicted cryptocurrency rebound from $38 thousand.
Many participants in the crypto community do not see any prerequisites for a cryptocurrency correction in the near future. In their opinion, BTC is capable of continuing to grow. There are a lot of forecasts on the Internet, whose authors are waiting from Bitcoin ending the year at levels above $45 thousand.
An example of a positive Bitcoin forecast with the expected trajectory of the cryptocurrency
Positive BTC rate forecast supported popular crypto blogger Blockchain Backer. He drew attention to the similarity of the cryptocurrency’s behavior with previous patterns that led to its growth. In his opinion, this time the coin can also demonstrate positive dynamics.
Crypto blogger Matthew Hyland has joined the camp of positive-minded members of the crypto community. He saw There is a bullish divergence on the cryptocurrency chart, which may be a harbinger of further positive movement of the coin.
However, not everyone shares the positive outlook for Bitcoin. For example, trader and analyst CryptoBullet sees signals, which may indicate that BTC has exhausted its growth potential. In his opinion, Bitcoin will experience a short-term correction to levels below $34 thousand.
Crypto blogger Matthew Hyland has joined the camp of positive-minded members of the crypto community. He saw There is a bullish divergence on the cryptocurrency chart, which may be a harbinger of further positive movement of the coin.
However, not everyone shares the positive outlook for Bitcoin. For example, trader and analyst CryptoBullet sees signals, which may indicate that BTC has exhausted its growth potential. In his opinion, Bitcoin will experience a short-term correction to levels below $34 thousand.
Source: Cryptocurrency
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