There are many analysts and cryptocurrency trading experts who assure that nothing will bring down the price of Bitcoin Except of course for very bad news. This is why the market is waiting for an imminent rise.

The price of Bitcoin (BTC) is expected to reach $ 85,000 in the fourth quarter of this year, it could even exceed the $ 100,000 mark according to multiple surveys.

This is great news that cryptocurrency investors and traders should take into account and study in detail in order to get the most out of it. And is that in its last market update on Friday, September 17, a medium-term BTC price prediction was revealed without any bullish complexes, which must be taken into account if you wish to trade Forex with this crypto. cash.

But what is Forex trading?

Forex trading is nothing more than converting from one currency or cryptocurrency to another. It is currently one of the most active and liquid markets in the world, handling a daily volume of US $ 5,000 billion. If you want more information on this, you can click here.

Target $ 85,000 for the next stop for the BTC / USD pair

Despite the fact that the BTC / USD pair has remained below the $ 50,000 mark of late, after this week’s close, many analysts remain firmly bullish on the price of Bitcoin.

And in this case, the Decentrader Filbfilb analyst is no exception, as he predicts based on his experience not only a revenge of the historic highs, but also a breach of the solid USD 100,000 barrier before this end. year. .

“So, with the recent bullish signals of the past few weeks, a significant rise in the price of Bitcoin may now be imminent, which will place it first at $ 85,000 and later break the psychological barrier of $ 100,000,” he said. he concluded.

As a sane and logical conclusion to this process, a significant upward contraction characterizes the rest of the year, as happened with the events of 2020. However, in this case, the price of Bitcoin is expected to be much higher. .

“If indeed the price of this cryptocurrency recovers as many expect in the coming weeks, then our first goal will be to overcome the retracement level of 1,618 fib to $ 85,900,” Filbfilb said. .

The rest of the altcoins do not share this optimism

Currently, at the time of writing this article, the price of Bitcoin is around $ 47,000, with a marked upward trajectory next.

On the other hand, the rest of the altcoins suffered a drop in their prices, with a few exceptions like Shiba Inu (SHIB), but in general traders suffered a disappointment due to the top 10 cryptocurrency overtaking by far Bitcoin with respect for daily losses.