Experts still expect Bitcoin to further rise despite small fluctuations. It should be noted that the price of global cryptocurrency has declined to $ 53.6 thousand during the previous day. Nevertheless, the leading digital coin gained an excellent pace: + 7% in one day and + 27% since the end of February, but apparently, this is just the beginning. According to analysts, Bitcoin's price will reach a new record, that is, $ 60,000 on Friday.
It can be recalled that the historical high was set at $ 58.3 thousand, which was recorded on February 21. And there is nothing much time left until another record will fall in the history of the exchange. The value of the main cryptocurrency is only expected to rise by 8%, but given the recent situation, analysts do not perceive this as enough. After all, Bitcoin managed to sharply surge and added 14% just three days in March. During this period, its cost increased by almost $ 7,000.
What is the reason for such a rapid growth? Experts all agreed that the most important factor influencing the dynamics of the global cryptocurrency is the Chinese one. In particular, Bitcoin's growth is influenced by the news of a decline in stock prices of technology companies from China. If one follows the situation on the Chinese market, then it is obvious that there was an intensive growth in the middle of winter. Investors boldly invested capital there, counting on high profits. However, the situation significantly changed after the local government announced the possibility of tightening economic regulation in the country. And although this is unconfirmed, it made depositors think. Many of them began to urgently withdraw their money from Chinese assets. It is possible that most of the investors just as quickly found a new "registration" for their capital, investing in Bitcoin.
In addition, there is another piece of news from this country that serves as a great impulse for Bitcoin's growth. The Chinese player Meitu, which produces smartphones and produces photo editors, decided to purchase BTC and ETH Classic for $ 40 million. It is clear that a hardly known company in the world did not suddenly and recklessly decide to invest heavily in cryptocurrency. Thus, it is very likely that this decision was inspired by one of the world's influencers Tesla, which influences a lot of investors currently.
There is no doubt that Bitcoin continues to be one of the most attractive assets due to several reasons. Among the most powerful is its position in Goldman Sachs' authoritative weekly reports. It is noteworthy that the cryptocurrency currently takes the leading position in terms of profitability here.
But despite many advantages, Bitcoin is still not guaranteed to be completely stable. The famous outflow of assets from centralized exchanges is still widely heard, and no one can cancel the downward trend. Experts say there is always a risk, but it is still justified when it comes to Bitcoin. This is because the main digital coin shows great promise, especially after breaking through the resistance level of $ 52.2 thousand. This moment was significant for the cryptocurrency and served as an incentive for further growth. Considering this fact, financiers hope that the BTC will not lose its potential and will still try to break through the target of $60 thousand later in the week.
