Pantera Capital Management: this is the end of the fall of Bitcoin

The most rapid movement of Bitcoin since December has been detected yesterday, and a digital currency fund called Pantera Capital Management has released a notice for investors regarding this topic.

In this new notice, the authors believe that $6,500 was the bottom price for Bitcoin and now it is likely to return to values above $10,000. Although they do not mention it, this means that other cryptocoins are going to grow in price too - Bitnewstoday has described this unified behavior of altcoins several times.

The reason of the current growth is still unknown to public, but there are some theories emerging. For example, a venture businessman connected with Blockchain Capital suspects that the end of the tax season and this coin price growth are directly connected. The same position has been expressed by Brian Kelly even before this new trend started.

Anyway, investors and observers should not forget about the past events when Bitcoin and other cryptocurrencies have entered a good growth stage at first, and eventually this growth has ended. The overall media and bloggers’ optimism about the rising prices might blur the strategic vision and cause the money losses, which is why financial regulators of the first world countries advise to make investment decisions only after comprehensive analysis.

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