Il world of cryptocurrencies it is a very volatile market, with continuous and even sudden fluctuations in value.
The value of Bitcoin fell to dollars 3.500 and has been experiencing a downtrend in the last period.
The hope is that the price of the BTC will come close to $ 4.000 again so as to increase the hopes of investors, in what could be a strong rise in the market.
Bitcoin Breakout: listing analysis from December to today
Bitcoin has had two peaks in the last period, one down in the months from December to February of last year, and the highs, which were recorded during the final part of December, with a value that exceeded the quota of four thousand.
This leads scholars to be in favor of this trends will continue to grow gradually in the next future.
Among other things, its value has remained within a certain range for several months, and this would suggest a positive move ahead.
In the first half of this month, the BTC broke through the $ 4.100 barrier and could suggest that it could reach $ 4.500 in value.
A possible one should be taken into consideration setback, which would amount to around four thousand dollars in value.
Bitcoin forecasts for 5.000 $ or 3.500 $?
The final target, which one could hope for in the coming periods, is that Bitcoin can reach i 5.000 $, if the forecasts for the most positive prices were to materialize.
The market for BTC and all cryptocurrencies is very volatile: forecasts take into account the performance of the asset over the past year.
Therefore, Bitcoin should move towards a bullish trend over the coming months.
We must take into account the strong movements that characterized it, with fluctuations that went beyond the 500 euro of value change, for which reason it is always very unstable.
Taking into account these aspects and hoping that the forecasts are correct, the trend of the cryptocurrency will continue to have frequent fluctuations and may lead to a significant more stable trend only in the medium or long term.
Investors suggest to be patient, we cannot expect immediate gains and we need not worry if its value should fall close to the 3500 $ range.
This possibility was considered as one of the possible prospective scenarios.
We are still talking about a highly risky market, so any investments should always be made reasonably.
This is because forecasts can never represent absolute reality, as there are unexpected variables, which cannot be anticipated in their development, as well as sudden events, which could influence their progress.