Roboforex analyst Dmitry Gurkovsky told several scenarios for the movement of the bitcoin rate. He noted that the quotes of the first cryptocurrency had already moved away from the psychological and technical level of $ 30,000. Now is the tipping point, after which the digital asset can go into deep correlation. For large investors, it is important to make new purchases and hold current positions. Many crypto enthusiasts believe that bitcoin remains popular as a store of value.

So, in January 2021, about 26 thousand bitcoins were mined. However, Grayscale Holdings alone purchased over 40,000 coins last month. This suggests that the demand for a digital asset is much greater than the supply.

Dmitry Gurkovsky said that there is a triangle on the daily BTC/USD chart. The upper border is trying to fix at $ 38,500. He is confident that after reaching this goal, Bitcoin will confidently move towards $ 50,000.

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