K. Barata: The bitcoin can end the year at $55,530

Buy the fall of bitcoin. This is the message from the database specialist, Kossel L Lopez Barrata, according to which the digital currency will rise to $55,530 by the end of this year. This is the conclusion of Barata's new study.
According to the same survey, there is a probability of only 10% for the cost of the bitcoin to remain at its current level by the end of the year.
Using the Monte Carlo model, the Barrata makes a model of the future for the price of the bitcoin, based on its historical cost.
Of course, Barata's forecast comes with some insurance.
According to the expert, it is important to know that this forecast should not be taken for granted and it is much better to use it in a way to increase investor confidence.
There is 80% chance that the bitcoin will end the year between 13 200 and 271 277 dollars.
Bitcoin has risen by more than 1% over the past 24 hours, rising again at levels of over 11,000 dollars per coin. The crypto currency, however, must rise above $12,800, where the 50-day SMA is located to talk about the end of the dangers of downward movement, according to technical analysts.