Bitcoin still beats the records

Today the price of the most popular crypto currency has once again updated its maximum, breaking the $ 7000.00 mark. This growth in the market is caused by the expectation of the trading in Bitcoin futures on the world’s largest futures exchanges CME Group. That is why yesterday’s resistance in the region of $ 6,600.00 was not kept for a long time by the growth of the crypto currency. Read more … 

What exactly the price of the crypto currency that it can be limited to is unknown. Two weeks ago, the head of the American hedge fund predicted that the value of one coin could reach $ 1 million, arguing that Bitcoin may be used as a means of accumulation instead of gold. More information about the news … 

Technical analysis: Having Overcome the $ 7000.00 mark, the BTC/USD instrument managed to gain a foothold above the level of resistance of the rising channel on H4. This indicates the trend’s strengthening and readiness to update the highs. But, do not forget that price correction is an inevitable phenomenon in the market and Bitcoin is no exception. Support levels, they are also the main goals of correction, are considered at the marks $ 6900,00; $ 6,600.00; $ 6400,00. Also, see https://esterholdings.com/en/2017/10/19/korrektsiya/

Graph BTC/USD current price – $ 6981.210

Alexander Sivtsov