Analyst believes Bitcoin will eventually go one way, Up!

bitcoin will go up analyst

Josh Rager a cryptocurrency expert and somewhat of a social media personality on Twitter believes that the currency has hit the lowest of the low which would not matter in three to five years of time.

Media reports revealed that his comment is in line with the thought that the currency has hit such a low that there is only one way to go for Bitcoin and that is back up to the highs seen in 2017.

Rager in a tweet responding to a conversation explained that the currency has already hit the bottom of three thousand and one hundred dollars ($3100) from the previous high of twenty thousand dollars ($20,000).

However, even if the currency may fall further down for investors waiting for a lower point for investment it would not matter in coming years because waiting for the 5-7% further drop would sound ridiculous given the gains expected in this time. People who are waiting for a further drop the coin price further are actually living in a fool’s paradise, so to speak in laymen terms.

He continued to explain in the twitter conversation that he along with other analysts have held the ground in a firm believe that the currency would hit new lows and eighteen hundred dollars ($1800) point would not be a surprise but the investors holding on to their Bitcoin at this point will not be parting ways with their currency and this would allow the market to sustain.

The long term commitment would then allow Bitcoin to cut through the down times and go back to a much higher point than it stands on right now.

Saad B. Murtaza

Saad B. Murtaza

Journalist, Writer, Editor, Researcher, and Strategist with over 10 years of experience in the digital, print and public relations industries, Saad has been working with the mantra, Creativity, Quality and Punctuality. In his waning years promises to build a self-sustaining institute that provides free education. Carrying a diverse portfolio he has studied and written on topics related to cyber crimes, scams, blockchain, and cryptocurrencies.

Related News

Hot Stories

Ethereum price analysis: ETH fails to break the $1,300 level after a period of consolidation
ChainLink price analysis: LINK obtains fully bearish momentum at $7.3
Electroneum Price Prediction 2023-2031: Is ETN a Good Investment?
Bitcoin price analysis: Bitcoin reclaims $17,000 as bearish divergence looms
ByBit is reducing its workforce again as more layoffs plague the industry

Follow Us

Industry News

Are crypto miners losing faith in Bitcoin? Over 10K BTC dumped
Coin Signals ordered to return funds to victims
Weekly crypto price analysis 4th Dec: BTC, ETH, XRP, BNB, ADA, DOGE
DeFi predictions 2023: How will crypto and blockchain evolve? 
Avalanche partners with Alibaba Cloud to launch new validators

Add Your Heading Text Here