Bitcoin restores positions

During today’s trading, the price of the classic Bitcoin coin has risen to $ 5975.00. One of the reasons for this growth may be the restoration of the price of the newly created crypto currency – Bitcoin Gold, which appeared as a result of fork (separation) of the main Bitcoin.

The purpose of the last fork was to create an analog of Bitcoin, which will be produced by a large number of participants, thereby reducing the influence of large mining farms.

Bitcoin Gold was awarded free of charge to those who were holders of the classic coin at the time of the fork. At the beginning of trading on October 24, the value of Bitcoin Gold was $ 480 and on October 25 it dropped to $ 114.00 per coin. Today, the cost of Bitcoin Gold increased to $ 121.44 per coin, which also supported the growth of the main coin. Also see https://esterholdings.com/en/2017/10/24/v-igru-vstupaet-bitcoin-gold/

Technical analysis: At the moment, the maximum price of Bitcoin is $ 6063.66, which is the main resistance for further growth. In case of further growth and overcoming the $ 6100.00 mark, one should expect the Bitcoin price to rise to the level of $ 6300.00. The main support levels are $ 5643.00 and $ 5356.00.

Fig. Current price of BTC/USD – $ 5915.56

Alexander Sivtsov