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How far can it rise after Facebook reporting?



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In recent days, cryptocurrencies have been the focus of Facebook's official Libra. If a social giant faces critical criticism from governments around the world, Bitcoin could withdraw from the game because after the announcement of a new cryptocurrency on Facebook this price is not much changed.

Below is a list of four, rather optimistic, predictions about Bitcoin's price development. It's obvious that these are just predictions, and when you know the cryptocurrency volatility, it's always better to be careful …

Bitcoin Course

Bitcoin Course © Tradingview

Tyler Winklevoss, Facebook's best enemy

The Winklevoss brothers today are the most influential in the cryptocurrencies world. When nearly $ 300 million was doubled at the time of Facebook listing in 2012 (long-standing controversy with Mark Zuckerberg on the idea of ​​a social network), twins put everything in electronic currencies.

The Krypto enthusiasts follow very closely the actions of both. A few hours after the Libra announcement, Tyler Winklevoss didn't say on Twitter: "If Bitcoin goes over $ 10,000, you can bet it goes over 15,000 …".

If John McAfee, the founder of the known antivirus, is known for antics, he took the opportunity to answer Tyler about his prediction. The American entrepreneur slipped again to the goal he announced in 2020 that Bitcoin's price will rise to $ 1 million by the end of 2020. "If Bitcoin goes over $ 100,000, you can bet it hits a million characters" – A message that inevitably made a smile (and a dream) for Tyler Winklevoss who didn't leave the bid again.

FOMO, opportunity?

In an interview with CNBC, the giant Tom Lee said that FOMO (fear of absence) gives Bitcoin the chance to set a historical record "In the coming months". Fundstart's founder expects the cryptocurrency to exceed $ 40,000 symbolic threshold by the end of the year (> 300% increase compared to the current level) if it succeeds to exceed the ten-year mark. $ 000. He adds calmly: "I think Bitcoin easily crosses its absolute record" – about $ 20,000 in December 2017.

What about technical analysis?

The technical analysis, which is mainly based on research into charts and indicators, is also a very popular technique for anticipating price trends. Because indicators are often self-fulfilling (especially because a large part of trading is automated by algorithms), this is the information that needs to be taken into account. However, the volatility of recent years with Bitcoin – and encryption currencies in general – makes it difficult to make a reliable forecast.

A Twitter user who responds to the nickname GalaxyBTC has provided an analysis (among many others) where he estimates that the price of Bitcoin could rise to $ 62,000 by the end of October 2019. this type of forecast has to be taken with tweezers, and the conclusions of the technical analysis may vary from person to person.

"Zuck is Satosh a useful silly"

In some cases, it is also possible that the most passionate defenders of encryption are excited to comment on Twitter. For example, this applies to Max Keizer, who does not hesitate to treat Facebook CEO Mark Zuckerberg, "an idiot useful for Satosh [Nakamoto] – The founder of Bitcoin. Although cryptocurrency Libra and Bitcoin disagree on many points, many experts admit that Libra can seriously affect the development of Bitcoin.

And what do you know about course development?

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