The price of the Betcairn continues to decline, and a leading analyst in digital currencies believes that he still has other opportunities. However, the possibility of climbing again when looking at the long run, is still enormous.
We may see a major shift in the process of mining the Bitcoin
According to Ran Neo Nir, founder and CEO of Onchain and CNBC's Africa-based Crypto Trader, Pitcairn has not reached the bottom yet. CNBC's Fast Money program was reported earlier this week:
"The decline continues, and we are still testing new bottoms. The next point will be at $ 6,250 - and if the price drops further, we will test the level of $ 5,900 "
According to New York, the price of $ 5,000 is the basic level that must be watched closely by everyone - and can prove to be a turning point for those who are mining digital currencies above all, he explained:
"The question to be asked by the miners is, is it worth retaining the mining device at about $ 5,000? So, if we do not see a price rise, we will see a major change in the mining sector "
One day the market value of Pitcone may reach $ 20 trillion
The digital currency market is still a relatively immature and relatively new market, so price swings will inevitably exist. But anyone who actually believes in the behind-the-clock technology behind the Betquin should think of buying the leading currency at current prices, says Newer. He explained that by saying:
"If you think that currency rates will reach the long term to 30 or 40 or even $ 50 thousand. So, it would not matter if you bought them for $ 5 or $ 6,000 "
Bitcoin currently trades at $ 6,600.76, down 3.93% over the last 24 hours. The index fell 13.37 percent last week.