Bitcoin maintains a positive attitude

The main crypto currency has restored all lost positions during the Asian session and maintains a positive attitude. The main reason for the increase in Bitcoin’s price is maintained by the growth of its popularity, and also in connection with the expectation of the beginning of trading in futures for crypto currency by the world’s largest operator of the futures exchanges CME Group. Also, the market expects that the Chinese government will lift the ban on trade in crypto currency, which will significantly support the growth of the Bitcoin price.

Technical analysis: Today the price for Bitcoin is moving in the flat corridor with support at $ 7125.00 and resistance at $ 7457.00. The main level of support, from which it is worth considering the entrance to a long position is at $ 6900.00

Fig. Chart BTC/USD current price – 7372.300

Alexander Sivtsov