Bitcoin beats the records. Altcoin is losing ground

During today’s trading, the price of the most popular crypto currency has reached $ 14,398.10. The main catalyst for the growth of bitcoin prices is still the expectations of launching futures trading on this instrument. See “Bitcoin again reached a historical maximum.” During today’s trading, the price of bitcoin has grown by about 8.0%, while the average decrease in altcoins is about -4.0%, which indicates a significant demand for this crypto currency.

It should be noted that a significant increase in the price of bitcoin excludes its main purpose of creating a convenient means of mutual settlements. To date, bitcoin is more interesting as an investment tool than a payment one, since no one is in a hurry to part with an asset that in a few days can grow in price from 10-20%.

Technical analysis: At the beginning of today’s trading, the price of bitcoin was fixed above the resistance line of the rising channel, which led to an acceleration in the growth of the price of the crypto currency. As history shows the historical update of the maximum price of bitcoin and correction is an integral part of growth. At the moment, one should consider the main support levels at $ 13 500.00; $ 13 150.00.

Fig. BTC/USD. The current price is $ 14,293.00.

Alexander Sivtsov