Stock exchange analysts believe that the recent fall in the exchange rate of bitcoin was merely a technical correction and in the near future it will start its growth that it would take a global dimension.
Long-term analysis
Traders believe that in the future the rate of bitcoin will easily reach $820, because the cryptocurrency market is showing all signs of recovery. The trading volumes indicate that the big players have already prepared for this race.
If to speak about long term, traders expect the upward trend will continue and by the end of next year the rate of bitcoin will reach $1800.
Mid-term analysis
Mathematical indicators indicate that the growth rate of bitcoin to $1200 may begin earlier than expected. A number of factors, such as economic and political reasons, can cause a leap year this year.
Short-term analysis
In the short term, we can expect that bitcoin will be able to overcome any resistance to the level of $820.
Charts Japanese candlestick indicate that the continued sideways trend is over and the internal analysis of the market gives a chance to expect a quick ascent of bitcoins. Based on the theoretical opportunities and a comprehensive approach to the issue, we can assume that in the near future the upward trend will get a chance to develop.