Will Bitcoin Grow?
The crypto market restores gradually, adding 12 billions in a day. Bitcoin rate and other top tokens went up.
Recently Bitcoin does not hold in the green zone for long time. Each insignificant lift is followed by recession. This is why crypto analysts do not draw conclusions that Bitcoin began to grow up midterm. It is highly possible that Bitcoin may fall beneath $6000 in the nearest time.
If Bitcoin holds enough during the next two-three days over $6800, than it is possible to break the $7000 barrier.
For now Bitcoin demonstrates daily gain by 4% and reaches the $6700 point. Other top cryptos gained as well. Ethereum grew up by 5%, Ripple by 4.2% and Bitcoin Cash by 5.4%. This makes investors feel more optimistic, but we cannot say Bitcoin is ready to make a bull run yet.
P.S. Our Bitcoin forecast algorithm predicts that BTC continues moving down this week.