{"id":14467,"date":"2019-06-01T00:00:00","date_gmt":"2019-06-01T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2019\/06\/01\/price-analysis-bitcoin-btc-uptrend-solid-but-bears-could-press-lower\/"},"modified":"2019-06-01T00:00:00","modified_gmt":"2019-06-01T00:00:00","slug":"price-analysis-bitcoin-btc-uptrend-solid-but-bears-could-press-lower","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/price-analysis-bitcoin-btc-uptrend-solid-but-bears-could-press-lower\/","title":{"rendered":"Price analysis: Bitcoin [BTC] Uptrend Solid but Bears Could Press Lower"},"content":{"rendered":"
Yes, cryptocurrencies do fluctuate. Of the many, Bitcoin<\/a> <\/strong>is indeed a solid investment. Some of its key properties like being inherently deflationary, guided by mathematics and acting like a safe haven, a store of value amid increasing geopolitical tensions, could easily propel the world\u2019s most valuable digital assets to new highs.<\/p>\n Add that to increasing awareness and Wall Street players foraying into the space and we cannot discount the possibility of BTC exploding to $1 million or higher. Although the timelines are uncertain, prices shooting to $1 million could happen next year. That\u2019s according to investor and entrepreneur, James Altucher.<\/p>\n While citing Brexit, US-China planned tariffs and other concerns like bans and sanctions, inflows to BTC<\/a> <\/strong>will only increase in the medium to long term. And it is not hard to see how that is already affecting the trading landscape.<\/p>\n Meanwhile, steadying prices after May 30th flash crash is the reason why Vinny Lingham of Multicoin Capital is overly bullish on BTC saying:<\/p>\n \u201cThis BTC action looks aggressive. Makes me think that we may blow through 10k and test $12k very soon; but $12k is a very heavy resistance level, so I would expect consolidation around the $10k level for some time if $12k is (likely) rejected.\u201d<\/em><\/p>\nBTC\/USD Price Analysis<\/strong><\/h2>\n