Will Bitcoin Rise To $ 13K?

Will Bitcoin Rise To $ 13K?

While Bitcoin has been rising for a while, it unexpectedly fell below the $ 12,000 band last week. Experts stated that this decrease occurred due to investors who want to profit in the short term and Bitcoin prices will rise again. Bitcoin (BTC), which started the week with a 6 percent decline, fell to the 11.500 band and then recovered to the 11.800 band, but this recovery was not enough to exceed the 12 thousand band. As such, investors say, "Will Bitcoin drop?" "What are the latest news and developments about Bitcoin?" started looking for answers to his questions. Experts, on the other hand, made suggestions and warnings by examining the Bitcoin graphics in order to resolve the questions in the minds of investors. In the current Bitcoin news, it has been focused on the issue that Bitcoin will rise again and may even go above the 13 thousand dollar band. Analysts argue that Bitcoin will rise above the $ 13,000 band, but for this to happen, Bitcoin must remain in the $ 11,700-11,800 band for a while. Some experts even take the triangular move prediction about Bitcoin a little further, saying that Bitcoin can reach $ 14,000 immediately after breaking the 13,000 band.

Market Signals Sign That Bitcoin Will Soar

Young Ju associates the developments in BTC with the coronavirus pandemic that affects the whole world. According to Ju, at the beginning of the Covid-19 epidemic, people started to dispose of BTC with concern, so BTC values ​​fell. However, today, the amount of BTC in exchanges has decreased and people have tended to keep their Bitcoins in their virtual wallets. This situation can be interpreted as the belief that some investors have stopped active trading with Bitcoin and switched to HODL mode, so the belief in Bitcoin continues. "PlanB", known in the market for adapting the stock-flow (S2F) model for BTC, also made predictions about Bitcoin. 'PlanB' pointed out that Bitcoin's 200-week Moving Average (MA) is around $ 6,400 and the Moving Average continues to rise. 'PlanB' had previously stated that the target for Bitcoin 2021 is 100 thousand dollars. According to the popular analyst, while the production rate in the Bitcoin network will decrease, the demand for Bitcoin will increase, which will cause a rapid rise in Bitcoin prices. Invest With Bitcoin Now!