Prospects for a new round of bitcoin growth
- Since bitcoin has risen 34% since the beginning of April, it has not improved its 21st position among the top 25 currencies, however, the bitcoin market capitalization remained high at $ 152 billion. before dropping back then.
- Typically, bitcoin will be purchased and then used as a means of trading for other codecs, which may help boost bitcoin prices in the current situation. According to CoinDesk, the price outlook for bitcoin will continue to increase, although it tends to decrease slightly. Even in the short term, the price is expected to test 200 MA of $ 9,737. If the price closes below the 10 day MA, this will signal the inactivity of the price increase.
- Electronic money orders are also the highest since March 2017, accounting for more than 92%, which may be a sign of a strong market.
- At the same time, adoption of virtual currency is starting to increase globally so new growth prospects in both short and medium term of bitcoin are perfectly possible. We can still believe in the stronger development of this currency in the future.