Over the past six days, the Crypto-currency has risen in price by 8%. Today, its rate may decrease, says CoinDesk analyst Omkar Godboul
On Monday, August 20, the average market rate of Bitcoin rose above $ 6500, after which it declined. Now the Crypto currency is trading at $ 6,480, August 14, its price was $ 5,980, over the past six days it has risen 8%. At the same time, the total capitalization of the industry grew by $ 27 billion.
According to the expert CoinDesk Omkara Godboula, in the near future the price of bitcoin should remain above the $ 6320 zone, otherwise the rate will again fall to the level of $ 6000. Then, the Crypto currency may fall to $ 5859 and $ 5755.
On the other hand, if the coin value can rise above $ 6595, it will reach the $ 7000 zone. Bitcoin will begin to recover gradually if it can consolidate above $ 7067. In the near future this is less likely than a negative scenario.
Definitely, the ups and downs movement of it's value is literally normal things to happen on it's system therefore when the value of it is lessen $7k we may considered it as a good range of value where in this the right time to invest into it. We can't actually predict how far it may be in the bottom range of value, maybe it will begin to rising up in the next few days so as of now this will be the best time for investment. Don't hesitate to invest now because for sure there will be the better product in the near future. Just remember that always keep patience so in the future we can able to reach our sweet success.