If before January 16, Bitcoin will bargain above 43 thousand dollars, then in the week from January 17, cryptocurrency will strengthen, and if not, it is worth waiting for a fall in prices. This forecast shared the financier Vyacheslav Zhenchenko. In a conversation with “Ribbon.ru,” he noted that the slow restoration of mining cryptocurrencies in Kazakhstan could lead to a decrease in the Bitcoin course.
If you proceed from mathematical analysis, you should expect a strengthening from Bitcoin next week, the financier considers. “There are certain mathematical algorithms that set directions for investors. They define approximately 40-45 percent of the market movements. Mathematical analysis suggests that Bitcoin must continue his growth,” explained Zaichenko.
However, the fundamental analysis speaks about the opposite, he added. “We have a failed mining in Kazakhstan. The load on the Kazakhstan is huge, there are about 5-8 percent of the capacity of the entire world of Maine Bitcoin. If this is not restored until the end of the month, the Bitcoin will decline,” the financier spoke.
In conclusion, the economist expressed the conviction that the Bitcoin will not fall below 29 thousand dollars under any circumstances.
Previously, JPMorgan’s strategy called the reason for the record rise in price of Bitcoin. According to analysts, the growth of the most popular cryptocurrencies affected the concerns about inflation.