The crypto currency market resumed growth. Bulls are building up positions

After a two-day correction, most of the world’s currencies by the end of Friday’s trading resumed growth. The main support for the market of crypto currency is provided by the growth of investors’ interest in digital currencies. According to a recent Thomson Reuters poll, 70% of companies are ready to start trading in crypto currency already this year. The survey involved 400 clients, beginning with hedge funds and ending with the management of trading operations by large banks.

Technical analysis: The price of bitcoin returned to the upstream channel on H1, which indicates the continuation of the growing trend in the short term. The nearest level of resistance is $ 9 600.00, in case of overcoming of which it is necessary to consider the further growth of the price of the instrument to $ 10 000.00. The main support levels are $ 8,850.00, $ 8,550.00.

Fig. BTC/USD. The current price is $ 9,248,050.

Alexander Sivtsov