Bitcoin would be about to bottom out
According to the company Stack Funds, the cryptocurrency could be approaching its lowest point and then retaking a bullish position in the long term
The price of bitcoin, according to the company Stack Funds, would be very close to reaching its lowest value and then returning to a bullish version that could be long-term.
The analyst Lennard Neo, through a report published this week, affirms that despite the constant falls in the price of bitcoin, there should be no reasons to consider that the cryptocurrency is finished.
This report came moments after the asset plunged below $ 30,000 for the first time in six months. However, hours later it recovered above 34,000.
Despite all this panorama, the Stack company maintains that its “macro vision remains the same, in view of the fact that we expect that bitcoin will establish the ground in a further consolidation.”
The analyst, for his part, assures that a very important date for the cryptocurrency would be coming: the expiration of the second-quarter options in the last week of June. With a value of 2.3 billion dollars, this should allow consolidation of the price once processed.
K. Tovar
Source: Cointelegraph
