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Forbes Contributor Bitcoin Burst for $ 10K – BTC, XRP, Ethereum, Litecoin Forecast




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Market analyst and CEO of global finance track ADVFN, Clem Chambers, says he believes Bitcoin has already come to the bottom. In a new article for Forbes, Chambers says that Bitcoin is "the new gold" and declares the long crypto woman over.

"All year I said," It goes down, hopefully to around $ 2,500. "It hit low $ 3,000. Now Bitcoin goes up and I want to say" It goes up. "I think it will hit $ 6,000 soon and go to $ 1[ads1]0,000. "

Chambers quotes Bitcoin speculation in China and BTC's upturn as a value trading as two key factors.

"There is apparently a lot of China interested in cryptos right now, with Tether selling at a premium. This makes sense if the market is considering a yuan dollar depreciation on the cards. Tether has proven to be elastic even though it is still a controversial It's still a good place to stash capital from short-term moves, be it from Bitcoin volatility or fiat privileges …

Gold is the global asset to hedge against risk and investors are incredible interested in it. There is an ordinary real estate stock and other property in the men's mind in the street as an "investment."

When you go down in mindshare, when you see interest in the financial news, you can see what that looks like Bitcoin eats in the interest of gold, at least in the United States. "At the same time, crypto dealers and analysts Tone Vays are far less optimistic about the price of BTC in the short term. According to Vays, Bitcoin can still fall to $ 3K or lower this year.

At the moment, the crypto markets are mixed. Bitcoin is up 0.88% at $ 5.220. Ethereum is down 0.08% at $ 166.05, and XRP is up 3.1% at $ 0.3341.

Source: Coin360

Technical analysts are divided on short-term prospects for Bitcoin and track key resistance levels for Ethereum, XRP and Litecoin

Bitcoin

Blockonomi – Short-term outbreaks to the disadvantage likely

Coinspeaker – BTC continues sideways movement in the medium term

FXStreet – ETH struggles below $ 170, backed by 200 EMA

CryptoGlobe – Ethereum in bullish trend, resistance expected to $ 170

XRP

NewsBTC – XRP price is approaching next resistance

FXStreet – XRP pushing to transfer resistance of $ 0.3400

Litecoin

Crypto Daily – LTC / USD will face technical resistance around $ 83.71

FXStreet – LTC / USD bull breakout eyed from flag formation [19659024] Join us on Telegram Follow us on Twitter


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Disclaimer: Opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and any loss you may incur is your responsibility. Daily Hodl does not recommend buying or selling cryptographic or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl is participating in affiliate marketing.



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