Bitcoin: New crypto rally at the end of the year “see” analysts

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“I am confident that if the current momentum continues, we could see the price of bitcoin at $ 100,000,” said Nigel Green, CEO and founder of deVere Group

Above $ 55,000 was moving the bitcoin Friday, up 3%, with analysts predicting a surge in prices kryptonomismaton in the last quarter.

The price of bitcoin was at $ 55,481, while ether, the second largest cryptocurrency, also recorded gains , with its price rising 1.7% to $ 3,637 at noon on Friday.

The rise comes amid reassuring statements from the United States that it will not crack down on cryptos such as those in China , and reports that George Soros’ investment company has bought bitcoin.

There are rumors that Soros has been trading in bitcoin in recent months, while the head of Soros Fund Management, Dawn Fitzpatrick, recently stated that bitcoin has covered the distance it had to travel to join the establishment

What analysts say

“Bitcoin, Ethereum and the wider crypto market are likely to have a very strong fourth quarter and I predict we will see new historical highs across its 2022 range,” said crypto investor and Zap Protocol founder Nikos Spanos.

He noted that the two largest cryptocurrencies are already approaching their all-time highs – for bitcoin it is $ 63,000, which reached in April – and predicts that bitcoin will exceed $ 100,000 by the end of this year, while ether will jump to $ 10,000 to $ 12,000.

According to Spanos, ” the market has already shown that it is increasingly resilient to adverse developments, such as the measures taken by China against crypto or the withdrawal of Tesla’s Elon Musk from its position in favor of cryptocurrencies.

“This is crucial to the long-term success of cryptos and I believe the market will become even more resilient as cryptocurrency investors get used to seeing cryptos always recover better and stronger. “This will lead to less panic sales and therefore big falls and market crashes will become a much rarer phenomenon.”

In the same vein are the views of Nigel Green, CEO and founder of the financial consulting firm deVere Group. “I am confident that if the current momentum continues, we could see the price of bitcoin at $ 100,000,” he said earlier.

Naeem Aslam, chief analyst at AvaTrade, said that what matters most to bitcoin is the $ 60,000 level. “Bitcoin has tested the $ 50,000 level several times now and if the positive momentum continues to support prices, we could look forward to a healthy weekend for cryptos,” he said.

Regarding ether, he noted: “It is very likely that its price could test the $ 4,000 level and this could open the door to re-test its historically high price, which is the most important.”

With information from yahoo.finance

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