According to renowned analyst Robert Sluymer, after the New York Blockchain week, Bitcoin may hit its biggest breakout to date.
Robert Sluymer, managing director and technical strategist at Fundstrat Global Advisors, on CNBC’s Fast Money “The cryptos have bottomed out, but now we’re in a recovery situation,” he told the show Yesterday.
Sluymer said that Bitcoin, which was above $ 9,000 on Thursday, will continue to rise from this point.. Sluymer also stated that the annual Blockchain week event, which will start on May 11, is another sign that Bitcoin will rise.
The event that will continue all week, St.. Louis Federal Reserve Bank President James Bullard, European Parliament member Eva Kaili and Twitter CEO Jack Dorsey will attend.
Only 1,500 people attended the first Blockchain week in 2015.. The following year, attendance nearly doubled, reaching nearly 2,700.
About 8,000 people are expected to attend the event this year, half of which will come from outside the United States.
Sluymer said that historically every year, Bitcoin has risen after Consensus, one of the biggest events of Blockchain week.
In 2015, the digital currency increased by 23 percent.
Sluymer also stated that this possible rise is not a large amount considering the volatility of cryptos, but after this rise, it continues to rise until the end of the year.
Sluymer said that after Bitcoin’s Consensus conference in 2016, 10 percent
This year’s Consensus conference will take place on Monday, May 14.
Bitcoin last December, approximately 19.500. dollars and It fell as low as $6,000 earlier this year.
Sluymer also stated that we may have passed the coin’s bottom level.
On Thursday, Fundstrat reported that Bitcoin will hit $64,000 by 2019. He had published a document they thought might come.