How long will Bitcoin continue to grow?
The fall in the Bitcoin rate from 19,000 to almost $3,000 per unit was the reason why many investors decided to abandon this currency.
No one expected that in a few months the Bitcoin rate would rise several times and the price would again begin to approach the $10,000 mark.
More precisely, we can say that the growth was natural, but the most daring forecasts limited it to $5,000 per bitcoin.
Why did such growth occur?
Experts name several reasons for this phenomenon, the first of which is a correction after a sharp drop, and then the rate of the digital currency began to move upward due to economic and political news.
Not the least role was played in this by the growing support for cryptocurrencies on the part of states and mega companies, so they started talking about the imminent creation of their own currency on Facebook, and talk about the release of a Russian cryptocurrency by the Central Bank of Russia continues.
What will happen to Bitcoin in the near future?
The most likely forecast will be an increase in the exchange rate to $10,000, followed by a correction to $8,000-9,000, after which growth will resume again.
The likelihood of a correction in the near future is simply enormous, so for those who decide to buy this crypto currency again, it is better to wait a little and make a purchase after the fall.
10,000 is a fairly strong psychological level and it is impossible to say with 100% certainty that it will be broken, so buying at this border can be risky.