Bitcoin managed to recapture some key areas in the late evening hours yesterday: first BTC was able to rise to over $ 34,000 and then briefly broke above $35k. Although there has been a further decline below it afterwards-but for several hours the Bitcoin bulls have been repeatedly starting at $ 35,000. Cryptocurrency number 1 demonstrates strength – but is that enough to trigger the next stage of the bull run? What do analysts say about Bitcoin’s short-term prospects?
Bitcoin facing an “overarching green week”?
These were and are exciting days in the crypto markets: will the psychologically important area hold around $30K? So far, he has done that – and Bitcoin could be well positioned for further gains. Cryptocurrency number 1 has broken out of its narrow trading range between 32,000 and 34,500 and has regained its weekly support, which had to be given lost a few days ago.
Either way, most coins in the crypto top 100 look loud Coinmarketcap.com hardly red today: Bitcoin has risen almost 5% within 24 hours, Ethereum has even been able to offset its losses by almost 11%. But is this already sufficient for a continuation of the upward trend?
Professional trader Michaël van de Poppe also sees strength in BTC, and his colleague @GalaxyBTC, a pseudonymous analyst, comments: Bitcoin is on the verge of a breakout. He is therefore “ready for an overarching green week”.
$ BTC is about to break out.
Ready for a green week across the board. pic.twitter.com/x4yoAcqd2Q
– Galaxy (@GalaxyBTC) June 28, 2021
Trader and investor CredibleCrypto looks similar, writes his more than 220,000 Twitter followers:
“If we break 35-38k, I’m looking at a move towards 45k-55k.”
PlanB, inventor of the legendary Bitcoin stock-to-flow price prediction model, is also positive about Bitcoin’s prospects. He posts an update on his latest prediction-and it still confirms a long-term uptrend.
– PlanB (@100trillionUSD) June 27, 2021
Last week, the popular analyst wrote on Twitter that he felt a little “uncomfortable” because the Bitcoin price has just touched the lower limits of the model. Now things are looking better again.
Winklevoss twins: $ 35,000 a “good buying opportunity”
When Bitcoin was still trading around $ 10,000 a few months ago, no one would have believed that a price drop to $ 30,000 could trigger fear in the crypto markets. Cameron and Tyler Winklevoss, the twins behind the US crypto exchange Gemini, therefore also consider Bitcoin at $ 35,000 a “really good buying opportunity”in the long term.
Speaking to Bitcoin bull Anthony Pompliano, the twins explain why they are convinced that a Bitcoin purchase is still worthwhile even if BTC stands at $ 35,000:
“We think Bitcoin is Gold 2.0. He will disturb gold, so his market capitalization must be $ 10 trillion or more, because that is the market capitalization of gold. Bitcoin is moving around the $1 trillion, we conservatively think it will be worth at least 10 times from here. Even at $ 35,000, it feels like a really good buying opportunity in the long run.”
“We think Bitcoin will be worth $ 500,000.“
And quite soon – “definitely within the next five years,” says Winklevoss about Bitcoin’s medium-term development.
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