Bitcoin has updated the historical maximum. Someone has bought it perfectly!

Today, the price of the most popular crypto currency in the world has once again updated the historical maximum. After opening the current week, the price of the crypto currency was 30% lower than the previous maximum. Last week the price of crypto currency fell to a decrease because of the cancellation of the next hardfork. See “Bitcoin is losing ground“.

This dynamics of the crypto currency is an excellent confirmation that the bitcoin rate is speculative, and the price cut last week allowed large holders of crypto currency to replenish their coffers.

Technical analysis: At the moment, the price of bitcoin has receded from its maximum, but the positive attitude remains based on the rumors that the Chicago Mercantile Exchange (CME) will launch futures testing for customers on November 20. At the moment, the main support levels are $ 7500.00; $ 7100.00. The next highest level is expected at $ 8200.00.

Fig.: BTC/USD, current price is $ 7773.390.

Alexander Sivtsov