According to the founder of Heisenberg Capital, max Kaiser, the bitcoin exchange rate will continue to grow and is unlikely to meet serious resistance to the level of $28,000.
Over the past two weeks, the rate of the first cryptocurrency has increased from $9,200 to $12,000, and only this weekend, bitcoin has slightly declined. However, Kaiser is confident that the growth will continue and BTC will reach new records:
“The $20,000 level will not present a noticeable resistance to bitcoin’s growth. We won’t see any resistance up to $28,000. After that, we should expect some pullback, and after that, bitcoin will go up to $100,000 with a new force.”
Many expect that in the near future, bitcoin will be traded in a limited range. For example, a trader on the Amsterdam stock exchange Michael van de Poppe believes that the volatility of BTC and ETH will significantly decrease:
“Most likely, we see how BTC and ETH determine the channel boundaries. But over time (one to two weeks), volatility will begin to decrease. What should I do? Of course, buy altcoins at the bottom. When everyone is looking at bitcoin, you should focus on altcoins.”
In February of this year, Max Kaiser expressed the opinion that within a few years, the bitcoin exchange rate can reach $400,000.