Bitcoin continues to regain positions

The price of Bitcoin maintains positive dynamics for the third consecutive day. The support for the digital currency is provided by the optimistic sentiments of investors for the recovery of the crypto currency market in 2018. Also, the report of the financial commissions regulating financial services in the US provided support, which turned out to be not so negative, as expected. In addition, see “The crypto currency market is recovering“.

Technical analysis: During today’s trading, Bitcoin’s price was fixed above $ 8,200.00, which yesterday resisted to the growth of the price of crypto currency. Despite the recovery, Bitcoin’s price is still in a downtrend on H1 and it’s too early to talk about its spread.

The main recommendations: To date, the main recommendations will be buying Bitcoin from the levels of $ 8,400.00, 8,200.00 after the price is marked at $ 9,000.00.

Fig. BTC/USD. The current price is $ 8,259,790.

Alexander Sivtsov