It seems like the crypto bull market is back. The upcoming months seem to be very optimistic for Bitcoin price.
Crypto investors are thrilled and some analysts are even expecting Bitcoin to go above a million. The market is going to be bullish in the long term. Experts expect the Bitcoin price to go above $10,000 soon.
Mati Greenspan, an eToro crypto market analyst, states that the price of the first crypto coin is definitely going in the right direction.
American broadcaster, Max Keiser, said a couple of weeks ago that Bitcoin was preparing to hit $10,000. On the other hand, Tyler Winklevoss, founder of Winklevoss Capital Management and early Bitcoin enthusiast, also predicted the same price some time ago.
The crypto-asset market is, without doubt, generating momentum and, in the eyes of many, the rise is maintainable. One of the main reasons for the new rise of the crypto wave is the new Facebook crypto coin, Libra, that has been widely discussed lately. As this large firm took interest in crypto, it brings more attention to cryptocurrencies.
Since the next halving is expected to be in 2020, a new crypto craze is going to start any second. In addition, it is assumed that the fact that the United States Federal Reserve is going to cut rates also adds to the interest in Bitcoin.
Bitcoin, hitting $9,600 on June 20th, marked a four hundred day high. In a matter of a few months, the Bitcoin price reached from $3,500 to almost $10,000 and the crypto bull market is officially here.