Bloomberg and Kraken report: trend reversal for Bitcoin possible

Analysts of the financial services provider Bloomberg to say that a Bitcoin (BTC) Signal is flashing for the first Time since December “green”. In the last week of the GTI Vera-convergence-divergence indicator has moved into bullish territory.

Now the Bloomberg analysts say that the indicator of the sliding modified averages to detect a trend, strongly indicating that a movement is to be expected up on the horizon. In a letter to investors, Mati Greenspan, CEO and co-founder of Quantum Economics, says that the recent crash of Bitcoin is not together with the traditional markets, surprising. He argues that the concerns are exaggerated, whether or not the leading crypto-currency after the volatility of withdrawal, there is a future.

It seems to be an existential question that speaks to the crypto-market at the Moment, where it is said that if Bitcoin can’t rise in this environment, then it has to exist probably no reason at all to. Finally, the story, to use Bitcoin as a safe haven in times of financial crises, over the years, a pretty strong story, and now should now really be time for BTC to Shine. But Seriously, in this part of the whitepaper, I don’t remember.

Bitcoin was invented to offer us an Alternative to the money controlled by governments and banks. Not more and not less. The volatility is largely due to the fact that it is a fairly new product and the adoption rates are unstable, which leads to a high degree of speculation. For me, it would be a success if Bitcoin seeds on a slow but steady slope would remain, instead of rising due to the global uncertainty to the moon.

At the time of publication, Bitcoin is increased according to CoinMarketCap by 2.4% to 6.482 dollars. In spite of the rise in the last 24 hours, says Analyst Josh Rager, that he expected that BTC could in the short term, falling back under $ 6,000.

The weekly closing price of the BTC is imminent, and it is a very good Chance that the price to join is $ 6,000. Still at 5800 $, but the actual level that needs to hold Bitcoin, is at 5,100 to 5,300 $. It would be a bad message to close in the future this area on the weekly Chart.

Kraken published a bullish report

However, octopus has published a 12-page report, in which the feelings and expectations of its Top-analyzes customer in relation to Bitcoin and the entire crypto-currency market in the year 2020. The survey was conducted at the end of January and comprises of 400 Respondents, most of which are less than $ 10 million to manage. The survey shows that $ 20,000 of the most-quoted target price for Bitcoin (BTC) is in the year 2020 under the VIP-clients of the Kraken. The average target price for the king of crypto-currency is 22.886 $, while the mean target price is a total of 19,424$. In the meantime, the respondents have an average target price of 810 dollars for Ethereum (ETH) in this year.

With 117 votes Ethereum will give a list of the favorite Altcoins. Equal Monero (XMR) and Ripple (XRP), each with 57 votes on the second place. Third, Litecoin (LTC) with 51 votes, while Tezos (XTZ) holds with 49 votes in fourth place. The survey also shows that 44% of the VIP-faith customer of Kraken, that crypto-currencies in a bull market, while 22% believe that the bearishness will continue. The remaining 34% are undecided.