On Wednesday, prices of crude oil, gold, silver and copper are going up on world stock exchanges. There is tension among investors due to the uncertain future of the conflict in the Middle East. On the one hand, we have information about a ceasefire, and on the other, tankers are being attacked in the Strait of Hormuz.
Among the main financial assets, the greatest changes have been observed in recent hours in the case of the most popular cryptocurrency. Bitcoin increases in value by over 4%. The exchange rate exceeds 78.8 thousand. hole. This is the equivalent of approximately PLN 285,000. zloty.
Bitcoin thus returns to the quotations from the beginning of March, i.e. from the first days after the outbreak of the war in the Middle East. In the meantime, especially in the first phase of the conflict, its valuation even dropped below PLN 60,000 for a while. hole.
See also: Gold behaves like bitcoin. Experts surprised
The lucky ones who bought bitcoins “at a low” can now count on profits of about 30%.. On the other hand, unlucky investors who bought bitcoins around 120,000 are in the red by about the same amount. hole. per piece – this was the price at the peak half a year ago.
Bitcoin price. What's next?
“If the US and Iran reach an agreement and resolve the conflict, the price of bitcoin may continue to rise and stay above $80,000. However, if negotiations break down again, bitcoin will inevitably fall below this limit,” writes the Trading Key portal.
See also: What's happening at Zondacrypto? This is the whole truth about cryptocurrencies
He estimates that from a technical analysis perspective, they are strong growth signals. “Since March 4, bitcoin's rebound highs have been steadily rising, while corrective lows have also moved higher, creating a typical upward channel. This indicates that bulls are maintaining their dominant advantage despite skepticism,” we read.
