Robert Slamer of Fundstrat Global Advisors said in an interview with CNBC that bitcoin’s market price possible breakthrough in the near future.
Claimer believes that in the next couple of days bitcoin will come close to “very important”. Despite the fact that the price of bitcoin are unable to start the expected growth in may, as predicted by the Tom Lee of Fundstrat, Sleumer notes that long-term pricing trend is still “rising”, while at the level of 9,5 thousand dollars is the level of critical support.
According to Kamaru, bitcoin is now set to “testing downtrend”:
When we think about what conditions are necessary for growth rates, whether the asset cryptocurrency or a market, then, in General it is clear that at first the price needs to fall to the level where it can consolidate, and after a possible change of trend to upward. Now we can say that the first stage has already passed.
Slamer noticed that there are “many technical analysts” who predict a drop to $5000 or even $3000, but he believes that bitcoin will increase if he can overcome the level of $7800.
Despite the failed growth in may, Tom Lee stated that he still believes that by the end of the year the price of bitcoin will rise to $ 25,000 by year-end.
See also – Tom Lee admitted his mistake, but still believes that by the end of the year the price of bitcoin will rise to 25,000 U.S. dollars
Bitcoin is currently trading at $ 7.669 $ over the past day the price is virtually unchanged.