Bitcoin tries to resume positions

During Tuesday’s trading, the price of bitcoin increased by more than 10%, approaching a significant resistance level at $ 15,600.00. It is worth noting that the maximum mark of $ 19,628.87, bitcoin reached December 17, after which it went down to decrease. Analysts attribute this decline in the price of crypto-currencies to the launch of trade in bitcoin futures, which allows the entry of an additional number of large players into the game. This adds liquidity to the crypto-currency market and increases the trade volatility.

Technical analysis: The price of the crypto currency is still in the correction phase, but one should expect a fairly rapid recovery of bitcoin prices. The main level of resistance is considered at $ 15 600,00. The breakthrough of this level will open the way to $ 17 250.00; $ 18,000.00.

Fig. BTC/USD. The current price is $ 15,220.610.

Alexander Sivtsov