Leading cryptocurrency Bitcoin While it exceeded $45,000 for the first time after January 12, analysts BTC’They were divided into two regarding the direction in .
According to Coindesk news, Laurent Ksiss, crypto ETP expert at CEC Capital, said he expects a pullback in Bitcoin.
Stating that the reason for this correction is the possibility of investors selling profits during the rise, the expert said:
“Bitcoin’s breakout of $45,000 allows early investors investing in BTC ETFs to profit.
If we continue this rise, it may lead investors to take some profits.
“If profit-taking occurs, it could trigger a reversal in which BTC could test the $42,000-$40,000 level.”
Unlike Laurent Ksiss LMAX Digital thinks Bitcoin’s rise may continue further. Stating that at this point BTC could rise up to $50,000, LMAX Digital analysts included the following statements in their note to their customers:
“We expect Bitcoin to rise further, possibly reaching the $50,000 level.
“Technically speaking, Bitcoin has broken out of a range and could be looking for a rally towards a new yearly high of up to $50,000.”
Bitcoin At the time of writing, it continues to be traded at $ 45,310.
*This is not investment advice.
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