Although Bitcoin (BTC) price demoralized its investors last week, leading traders make very hopeful statements about the market. There are some explanations that Bitcoin, which has returned many times from the $ 10,000 critical resistance and has recently fallen below the $ 9,000 support, has seen its short-term bottom level and will increase in the medium term.

Two famous traders who make market evaluations on Twitter claim that the price of Bitcoin will reach $ 12-13 thousand.

Short-term decline should not worry

The crypto Twitter user SalsaTekila, who has been in the cryptocurrency markets since 2015 and has shared technical analysis with his followers, said that the concerns were unfounded by looking at the instant train.

Bitcoin price chart showing liquidity gap above $ 10,500

In the chart published on June 29, he stated that in the medium term, the price of Bitcoin is walking towards the $ 13,000 level.

[…] We are moving towards $ 13 thousand in the medium term. There is a huge liquidity pool of about $ 10,500. The price will reach these levels sooner or later.

The trader, who also shared a graphic in his tweet, pointed out the liquidity deficit above $ 10,500.

“$ 12,000 will be retested”

Crypto Michaël, one of the leading traders of the crypto ecosystem, is also one of the names that positively interprets market data. He argues that if the price of Bitcoin is kept between $ 8,800- $ 8,900, the upward trend towards $ 12,000 will begin. He even suggested that by adding Ether to this estimate, $ 300 can be seen.

In his tweet on June 28, Crypto Michaël said:

“I think if we can maintain the $ 8,800 - $ 8,900 level; after this point, we will go up to $ 9,600, fix it to $ 9,300, then we will go above $ 10,000. Then we will test $ 11,500. 12,000 levels. This will raise the price of ETH above $ 300. "

Bitcoin earned 70 times more

It has been announced that Bitcoin has earned 3,500 percent since 2015 and has 70 times more ROI than five traditional exchanges. In the period from June 26, 2015 to June 26, 2020, Bitcoin; FTSE 100 generated 70 times more revenue than NASDAQ, Nikkei, S&P 500 and Dow Jones.

On the other hand, in the market update shared as of June 30, information was given about the support levels that Bitcoin should keep in order to increase the price to $ 10,000.