Bitcoin needs only a few weeks to reach $ 30,000

According to cryptocurrency analyst Altcoin Sherpa, the basic period for bitcoin to reach the $ 30,000 mark is 4−6 weeks. At the time of writing, the value of BTC fell by 3.5% over the past week, but Altcoin Sherpa is convinced of further growth of the market leader.

Another analyst, Kaleo, is also convinced that bitcoin is close to the $ 30,000 mark. «$ 30,000 is still a magnet for BTC,» Kaleo wrote on his Twitter page. «I don’t expect a new all-time high soon, but a return to the $ 30,000-$ 40,000 range with a further reduction in the distance to the ATN before the next halving is quite realistic,» the expert said last year.

On the other hand, Mike McGlone, senior macro strategist at Bloomberg Intelligence, expressed concerns about the bulls' ability to overcome the $ 25,000 resistance zone. «Headwinds remain strong ,» McGlone wrote on Twitter, hinting at pressure from regulators and new statements from IMF representatives.

As a reminder, there were calls for a complete ban on cryptocurrencies at the G20 meeting. According to Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), a ban on the use of crypto assets may well become one of the regulatory options. A few days earlier, the IMF proposed its action plan for cryptocurrencies. In it, the fund called on countries to ban cryptocurrencies as legal tender.