Bitcoin, a cryptocurrency with the smallest market capitalization in the world, once again shows growth, stepping over $ 5,400. It looks like the asset is ready for a bull rally. But where exactly does it go? According to experienced trader Gareth Soloway, if BTC holds $ 5,350, then after another breakthrough, the cryptocurrency will be fixed at $ 6,150.
And now analysts are in a hurry to make predictions. Crypto winter, which lasted for several months, came to an end, as most investors had expected. As an asset prepares to go beyond $ 6,000, many people are looking for the perfect moment to buy an asset in order to get the maximum benefit. Some traders also suggest that bitcoin could cross $ 7,000. But there is a chance that it will fall to $ 4,000, after which we will see another upturn.
Soloway also suggested that this time the BTC price would be between $ 4,600 and $ 4,800.
The crypto market is a very uncertain space. Bitcoin, set to another bullish move. Investors, traders and the community as a whole are looking at the price movement of digital currency now.
It is worth the wait and see how things will be in the near future.