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Mati Greenspan, senior market analyst at Etoro, discusses the stellar run in Bitcoin and his outlook for the Cryptocurrency. He speaks on “Bloomberg Markets: European Open.” . . All markets move in cycles, and crypto is no exception. The only major difference is that cycles in this market have been more compressed since Bitcoin is just ten years old. There have been three major cycle peaks so far over the past decade and analysts have been using them to predict the next one. . . COMMENT below - What will be the price of Bitcoin by the end of 2020?

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Bitcoin continues in a strong uptrend and is already trading above $ 6,300. In United States. After a momentary $ 200 drop following the theft of 7,000 BTC from Binance, the market ignored the event and continued Bitcoin's upward movement, which gained 12% since then, in just over two days . Analysts point out that Bitcoin is now approaching the main asset price range, the region of $ 6,400, where the most BTC was traded during 2018.

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