Analytics: bitcoin growth is expected

The rate of bitcoin at the time of writing is 7 729 $. If we take the average data, the price ranges 6 500 - 7 000 $. Most experts expect a steady growth of cryptocurrency, but so far volatility is not high enough. A significant breakthrough towards growth will require a significant impetus.

To date, many States are trying to introduce regulators in the cryptocurrency sphere and in every possible way to subjugate this market. However, crypto traders have managed to adapt to this, and these shares practically do not affect the market behavior.

Experts tend to consider the decrease in volatility as a positive phenomenon. They treat it as development and maturation of the market.

However, low volatility directly affects the hodlers. Supporters of the «HODL» strategy are discouraged by the low rate of bitcoin. According to a study conducted by the Reddit user, the number of comments with the word «HODL» in social networks and specialized forums fell sharply along with market volatility:

— In fact, market volatility in any direction correlated with the increase in HODL references.

Cutrent information about BTC

Today, there is a steady increase in the rate of cryptocurrency. During the day, bitcoin has grown by more than $1,000. Such impulses should play the role of «acceleration engine» for a rocket called «BTC», trying to overcome terrestrial magnetic field. Figuratively speaking, in case when the «acceleration engines» withdraw bitcoin from the near-Earth orbit, we will again witness the conquest of new peaks by bitcoin in the cryptocurrency market.

A positive trend, as we noted earlier, is present. This means that you need to wait and follow the «HODL» strategy. And the use of our service MONETO (https://mone.to/) is the most convenient way for hodling.