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On Thursday
Bitcoin rose sharply in trading on Thursday, after Russian President Vladimir Putin signed a law on cryptocurrency mining, including Bitcoin, in Russia.
By 16:00 Moscow time, the world's most popular cryptocurrency, Bitcoin, rose by 5.14% to $64,223, according to trading.
And on Wednesday
In a recent report, Fair Lead Strategies technical analyst Katie Stockton shifted her view to a “long-term neutral bias” towards Bitcoin. She predicted that the current risks could prompt a price range test.
In the same context, analyst Tony Sycamore from IG Australia said that his expectations indicate seasonal challenges for Bitcoin in September, as historical data over the past five years showed an average decline of more than 8%.
The world's largest digital currency continues to decline from its highest levels in March, which reached $73,798, amid growing concerns about global economic performance and seasonal expectations that may increase pressure on prices in the coming period.
According to the talk and news published here, we conclude that Bitcoin will rise to a price of $65,000 by the end of this year.
The current situation is stable between $63,500 and $64,261 until it rises in the future.
