Cryptocurrency

04/02/19 12:20 UTC-4

Omkar Godboul: "Bitcoin can grow to $ 4,000"

Bitcoin can grow to $ 4,000 – O. Godboul
Bitcoin can grow to $ 4,000 – O. Godboul

Omkar Godboul a crypto-analyst said that Bitcoin could grow to $ 4,000 – as reported by the CoinDesk news agency.

A financial analyst in the crypto-sphere published an article on CoinDesk stating that soon Bitcoin will be able to overcome the $ 3,600 milestone, and this ultimately will lead to an increase in the price to $ 4,000.

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Bitcoin "Falling Wedge"

According to Godbole's report, today on crypto-graphs there is a noticeable "Corrective wave pattern". In this case, it is the "Falling Wedge" pattern. According to the analyst’s observations, the "falling wedge" of Bitcoin has been forming for quite a long time and, at the same time, the stability of the "digital gold" rate was noticeable.

Although now the average price of Bitcoin is only $ 3,400, positive changes are noticeable at the daily tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details
figures. This is the main evidence of the "Falling Wedge" correction. According to O. Godboul, "the BTC price is squeezed in the" Falling Wedge "pattern, moreover, on the lower timeframe, it is clear that inside the" wedge "the price moves along the ascending channel.

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Omkar Godbole an analyst said that Bitcoin could grow to $ 4,000. At the same time, Godboul recalled that "February has always been a success for cryptocurrencies".

Editor: Yuliya Soroka

See also: "Iran has released a PayMon cryptocurrency"

#bitcoin #price #analytics #cryptocurrency #Godboul

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