Bitcoin froze in anticipation

The price of the most popular crypto currency in the world for the past two days is moving in the predominant flat, while the maximum value of the price has reached the level of $ 17,473.00. The catalyst for the growth of the crypto currency was the launch of trade in bitcoin futures. The restrained dynamics of the price of crypto currency is associated with a decrease in the cost of futures on bitcoins on the second trading day, as well as the expectation of the start of trading in futures on the CME Group, which will start on December 18.

Technical analysis: The bitcoin price moves in flat with the main support at $ 16 000.00 and resistance at $ 17 500.00. In the event that the price of the instrument is below the level of $ 16,000.00, one should expect further correction to the levels of $ 14,600.00, $ 14,000.00. If the price is fixed above $ 17,500.00, one should expect further growth of the price of the crypto currency to $ 18,000.00, $ 18,500.00.

Fig. BTC/USD. The current price is $ 16,850.00.

Alexander Sivtsov