The bitcoin rate in the afternoon on February 9 was declining after updating the historical maximum above $ 48 thousand.As of 18:20 Moscow time, the cryptocurrency is trading at $ 46.5 thousand.
The latest wave of growth began after Tesla announced the purchase of bitcoin for $ 1.5 billion on February 8. The company noted that in the “near future” they will begin to accept cryptocurrency as payment. This led to an increase in bitcoin by 23% per day, writes RBC Crypto.
In the near future, bitcoin will continue to rise in price, says Nikita Zuborev, senior analyst at Bestchange.ru. The current quotes are fundamentally justified, he believes, and despite the increased attention to cryptocurrencies and the possible overheating of the market, now it looks more reliable than in 2017. Back then, the value of most digital money rose amid massive interest from retail investors who bought assets largely due to FOMO (fear of loss of profits). Investments in Bitcoin are now being reported by big companies like Tesla. “In the medium term, we expect a price of about $ 54 thousand, but we admit a correction to the level of $ 40 thousand under normal conditions and $ 37.5 thousand in the most negative scenario with possible long squeezes,” Zuborev predicted.
Vladislav Antonov, an analyst at IAC Alpari, added that he expects to maintain demand for bitcoin. Even if kickbacks occur, they will be “bought out” by large companies. Therefore, the expert expects the first cryptocurrency to reach the level of $ 59.6 thousand in the spring.
The fact that the growth of the first cryptocurrency rate may increase in the near future was also stated by analyst Alex Kruger in a commentary to CoinDesk. According to the trader, now many large companies can follow Tesla’s example and invest in bitcoin, which will have a positive impact on its quotes.
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