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Jason Urban who is amongst the decision makers of Galaxy Digital trading said the investors especially the institutional Investors in Bitcoin are increasingly adapting and managing the effect of the negative news in bitcoin activities and they are holding significant significant amount of bitcoin and also Investing more.
He said after the summer which is towards the end of the year bitcoin will be yielding results by trading at $70,000.

 

[Wisdom01]

probably this could repeat itself now , because Bitcoin have been on a huge decline , many can't wait to see much more rise in the price atleast , lot of investors that want to make more profit off cryptocurrency should take proper caution when investing ,so they dont make loss

 

[u2much]

The institutional trading is a very nice one,but let us just hope that bitcoin will spring a surprise increase in a mighty manner,let us hope that it will surge to a very great point far above what is expected by a whole lot of people positively

 

[Horia_10]

Its not possible and if that happens I will donate 30% of my extra wealth to the charity , I can easily say that bitcoin won't cross $50k this year and even the events coming in this year might not be able to take that pass $53k , So that's my point to you , it won't breach $53k .

 

[Wisdom01]

Its not possible and if that happens I will donate 30% of my extra wealth to the charity , I can easily say that bitcoin won't cross $50k this year and even the events coming in this year might not be able to take that pass $53k , So that's my point to you , it won't breach $53k .

there is a resistance point at $35k , it might reach $35k , but It looks like it doesn't have that market cap and momentum to surpass $35k , it might only just fall after increasing to that range ,Bitcoin is a speculative asset ,a lot of things actually infulences it's demand too I think

 

[Josemendez]

When institutions enter the Bitcoin market, I knew that more institutions will follow suit and we have already started seeing many of them. Other institutions that are yet to enter Bitcoin may end up entering late and buying it at a higher price. Again, the presence of institutions also helps to promote the price of Bitcoin because these institutions buy Bitcoin in large quantity.