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Cryptocurrency

Crypto Analysts Predict Continuous Bitcoin Rise

Crypto Analysts Predict Continuous Rise For Bitcoin

  • Experts believe that Bitcoin is set to continue its astronomical rise to reach record levels by the end of the year
  • Crypto analysts believe that a wider acceptance of the flagship cryptocurrency will be responsible for the rise
  • At the time of this report, Bitcoin is trading at $61,000 after reaching an all-time high of $67,000 a few days ago

According to various cryptocurrency experts, the market is set for a period of volatility that could push Bitcoin to greater heights.

The original cryptocurrency briefly reached a new all-time high of $67,000 before falling back to a current level of $61,000.

Experts however believe that the flagship cryptocurrency is far from done for the year.

Although historical data may suggest that the market is susceptible to a major price correction, there are still calls that BTC could touch $100,000 before the year’s end.

Bitcoin

According to John Karony CEO of meme cryptocurrency safemoon, the current value of bitcoin has put a spotlight on the cryptocurrency industry.

The market is now easier to access which could set the precedent for a continuous rise.

“Everyone is now able to access cryptocurrency in just a few clicks from their phones. It’s no longer something that is just talked about online”.

Read also: Fraudsters Capitalize on Facebook Scam to Steal Thousands in Crypto

His views were also echoed by Edan Yago of the Bitcoin DeFi protocol Sovryn.

Yago believes that the currency value of BTC is only a fraction of what it is capable of.

“An entire borderless economy will be powered by sound money – an economy far larger than our current global economy. Why? BTC finally brings property rights and economic access to billions of people.”

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