Bitcoin regains positions

On Wednesday afternoon, the price of bitcoin was able to gain a foothold above $ 6900.00, after which my yesterday’s expectations came true and the price of the crypto currency already reached $ 7400 this morning. Read more: Bitcoin is inactive.

Technical analysis: With the opening of trading on Thursday, the price of bitcoin increased by 3.78% and reached $ 7523.96, which is a signal of further recovery of the price of the crypto currency. In case the price of the instrument will be able to gain a foothold above the level of $ 7500.00, one should expect a retest of the maximum price of the crypto currency at $ 7867.38.

Figure 1. BTC/USD chart, current price – $ 7447.54.

Alexander Sivtsov