Bitcoin has updated the historical maximum. Bitcoin Cash is trying to restore positions.

During today’s trading, the most popular crypto currency in the world exceeded the $ 10,000 mark, reaching a maximum price of $ 10,715.36. The main catalyst for strengthening the crypto currency is the growing interest among investors in this instrument, as well as the recent announcement by one of the largest banks of South Korea Shinhan Bank about the intention to launch a storage and account maintenance service in Bitcoin.

Technical analysis: After the bitcoin price reached its historical maximum, the quotations dropped sharply, founding support near psychology $ 10,000, after which the crypto currency resumed growth, which is a signal of further renewal of the maximum mark. In case of re-correction, support levels are considered at $10 000; $9 800.

Fig. BTC/USD, current price – $ 10,575.05

Bitcoin Cash, after correction, is trying to regain lost positions, thereby justifying yesterday’s forecast of the  crypto currency movement. See “Bitcoin updates the historical maximum. Bitcoin Cash took a break. “

Technical analysis: If the main currency Bitcoin resumes correction, this will renew the growth of demand for Bitcoin Cash and the retest of the maximum price of the crypto currency at the level of $ 1751.48 is expected. The main support levels are $ 1,330.00; $ 1150.

Fig. BCH/USD, current price – $ 1529.17

Alexander Sivtsov