Bitcoin Predictions 2018. Cryptocurrency Market has slowed down in the past few days, with the value of bitcoine value level within the 7,000s. However, Robert Slimmer and Tom Lee, from the Market Analysis firm, Fundstrat, believe that this will change very soon.
Tom Lee reiterated the $ 25,000 prediction, again this time on Bloomberg
Tom Lee is still one of the most prominent cryptocurrency bulls in space, in which the regular presence on mainstream media sources covers topics related to the cryptocurrency industry.
On Wednesday, Tom doubled his $ 25,000 forecast and did not take a slight wave in his assumption.
One reason for this strong hold on this prophecy is that they believe that traditional institutions, such as banks, will start stacking in space because they create "attractive" business opportunities. Lee also believes that the regulatory climate around cryptocurus will improve only because cryptocracies reaches higher levels of institutional and retail adoption.
In addition, Lee mentioned the Bitcoin indicator, which he likes to love using bitcoin mining costs.
He mentioned:
The next year's fully loaded cost of Bitcoin will be like $ 14,000, which shows the difficulty "
He has constantly observed that Bitcoin has put it at my cost, which means that when necessary, bitcoin will meet the cost of mining.
Robert Slimmer, also from Fundstrat, seat bitpoint fingerening
Under the road in the broadcast room of CNBC, Slumer pointed towards the highest level chain, which is in the state of a downturn, the cost of bitcoin should be caught.
As Slummer said on another CNBC segment last week:
We think Bitcoin is coming down from some very important support around $ 7,000 and we think it is going to start a recovery process here.
He reiterated yesterday's broadcast that he believes that bitcoin is "challenging to downtray", the price movement of bitcoin is probably changing with the bounce if it breaks down from the current downtrend level.
In addition, he also told that Ritika Bitukaina was sitting at a very low level, similar to the levels seen before the previous floating movements earlier this year.
Sluymer said:
Setup is there, but the token that we need to see is actually a breakout and under some very important levels.
Slimmer also noted that one of these major levels is $ 7800, which bittoine had tested earlier this week, but it did not help, Bitcoin was struggling to cross that level.
The market analyst specifically said: "$ 7800 level, and to confirm this, you have to go through that level that you are actually reversing a trend"
However, like many analysts, Slimmer had something to say about the possibility of 'worst case scenario'. He mentioned that if there is no price level of $ 7350 and $ 7000 in Bitcoin, then we can move towards negative side.
But Slimmer has still shared an enthusiastic spirit with his co-worker, Tom Lee, saying:
If you are less then we feel that you should be very careful and reduce your small risk. I think that if you look longer, then this is where you start adding here in your long exposure.
We will put some light on bitcoin today