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Where will the price of bitcoin go over the weekend?

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In the afternoon of October 8, the bitcoin rate on the Binance crypto exchange rose to $ 56.1 thousand. The cryptocurrency has renewed its maximum value since May, after which it began to fall in price. As of 20:30 Moscow time, the asset is traded at $ 54.4 thousand. Often at the weekend, bitcoin quotes are subject to high fluctuations, writes RBC Crypto.

Experts told what to expect from the crypto market in the next two days.

Over the weekend, the price of bitcoin may rise to levels of $ 57-58 thousand, after which it will begin to adjust to the level of $ 53 thousand, suggested leading analyst at 8848 Invest Viktor Pershikov. According to him, if such a correction happens, then it will not lead to a significant collapse, and it can be used to increase purchases of the first cryptocurrency.

“The current fundamental picture in bitcoin is positive and suggests a further rise in the price to the level of $ 65 thousand with the formation of corrections, against which you can buy an asset. I do not expect negative news in the coming days, ”the expert said.

The fact that bitcoin is ready for a bull run was also announced by Anton Kravchenko, CEO of Xena Financial Systems. He expects that the value of bitcoin may start to rise sharply in the near future. However, Kravchenko warned that before the start of a strong wave of growth, the cryptocurrency market may experience a slight correction.

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