The leading cryptocurrency, Bitcoin, has been on a downward trend for some time and is being traded for an average of around $10,000. This tells us that there is a short-term squeeze in Bitcoin and that the price is likely to make a strong spark in one direction, while a similar figure was The Vere Group CEO Nigel Green.
The successful manager, said in a statement on the subject, ‘reasonable’ for Bitcoin to be considered the bottom level at this stage is the band of $10 thousand, he said:
“The price is changing, of course, but to me, the $10,000 band is a very reasonable low. From here on out, there will be ascension. Today we have already seen a figure of up to 10,500. This is actually an important indicator of the job for us. The price movement will be strong.”
The successful name also says that the price of Bitcoin will increase in the short term. According to Nigel Green, there is also a technical jam in the chart, which will soon raise the price of Bitcoin to $15,000. Let’s see if Green justifies that prediction.