Popular anonymous cryptocurrency analyst InvestAnswers believes that in the coming weeks, the rate of the first cryptocurrency could grow by 54% and reach $45,000.
The analyst built his opinion on the basis of a chart provided by the research company K33, which compares the chart of bitcoin during the bear market of 2018-2019 and the current behavior of BTC. The charts are similar in many ways and if the correlation continues, then Bitcoin could really go up.
“If this pattern repeats, then we will reach $45,000. This should be expected in a month, around May 20th. Then, most likely, there will be a small respite and sideways movement, consolidation. Long-term holders of bitcoin are now much more confident about the future than they were 4 years ago. Even now they are not selling their inventories despite a 60% drop from their peak,” the analyst said.
InvestAnswers noted that recent problems in the US banking sector and regulatory actions have pushed bitcoin to rise. And if the crisis continues, it will become another growth driver for the first cryptocurrency.
Note that at the moment the “bulls” have capitulated somewhat – the BTC rate has fallen below $28,000. Earlier, anonymous analysts from DonAlt and Cred said that bitcoin was preparing to rise to $40,000.
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