Investors provide forecasts for bitcoin in the background…

Investors provide forecasts for bitcoin in the background… post thumbnail image

Many members of the crypto community see further growth potential for BTC.

The most capitalized cryptocurrency – bitcoin – started Friday with growth. At 07:38 (Moscow time), the digital asset was trading at $51,036. The minimum value of the cryptocurrency in 24 hours, according to the CoinGecko resource, is set at $48,280, the maximum at $51,519.

bitcoin chart. Source: CoinGecko

Against the backdrop of bitcoin’s positive movement, many members of the crypto community shared their views on the prospects for cryptocurrencies. Cameron Winklevoss, co-founder of crypto exchange Gemini, believes that the digital asset market will continue to grow.

A similar point of view is shared by the author of the Twitter Root channel. They believe that bitcoin has not realized the growth potential that lies within it in 2020. This is shown by comparing the movement of cryptocurrencies in 2021 with the previous period.

At the same time, Root noticed that bitcoin is pushing a curve, which shows the average value of BTC for 200 days. From a technical analysis point of view, this behavior of the cryptocurrency might signal its imminent growth.

Analyst Scott Melker, who hosts a microblogging dubbed The Wolf Of All Streets, joins his colleagues’ positive outlook. He believes bitcoin is on track to break the $53K level.

Meanwhile, the bitcoin fear and greed index remains in the orange zone. The position of this indicator shows that currently most investors are skeptical about the prospects for further movement of BTC. It should be noted that the indicator has left the red zone, which has been around for a long time. The changes indicate a “warming up” of investor sentiment towards bitcoin.

We will remind you, earlier in the network there was information that Russia was reforming electricity tariffs because of miners.

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