Published on June 9th, 2018 | by bitcoin0
Cost Analysis for June 8th for Cryptocurrencies
At the beginning of the year, the analysts were very bullish on Bitcoin and had projected high targets for 2018.
In January, price comparison site Finder had arrived at a year-end price of $33,000 on Bitcoin after compiling the forecasts of a panel of cryptocurrency experts.
Stock analytics firm Trefis is also not very ‘gung-ho’ on the prospects of a sharp rebound in Bitcoin prices this year.
Both these price forecasts still offer a decent upside from the current levels.
BTC/USDThe 20-day EMA is proving to be a major hurdle for Bitcoin.