Finally, CoinCorner CEO Danny Scott noted that the price of Bitcoin could be 83 thousand dollars in April, as positive price analyses for the crypto market continue to increase during the bull season.
Noting that balances on the exchanges are decreasing every day, Scott wrote that investors are starting to buy more Bitcoins and pull their BTC into cold wallets.
"Balances are decreasing”
On Twitter, Scott said::
“Before that, the period in which balances on the exchanges regularly fell was before the 2017 bull run and covered a period of 6 months. During this period, we have experienced a similar situation for 12 months, and every day the balances are significantly reduced.
"April target 83 thousand dollars”
CoinCorner CEO also noted that the price of the largest cryptocurrency could experience a very serious rise this month if it follows the previous April trends:
"Looking at the average statistics, a price target of 83 thousand dollars appears for April. Averages for more than 10 years show the price rose more than 51 percent in April. So far, there have been two negative April. There was a 6 percent pullback in 2014 and a 5 percent pullback in 2015. Accordingly, in May, there was again only 2 retreats. 1 percent in 2015 and 18 percent in 2018. So it's obvious that there's momentum and reality about the numbers”
Scott also added that having more miners would provide more hash rates and therefore more security.
About 1 Week 53 thousand to 57 thousand dollars in the largest cryptocurrency, yesterday's PayPal news after the limit of 60 thousand was based. BTC price is currently at 57 thousand dollars again…
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