The crypto currency market remains under pressure. The threat of regulation persists

The G20 summit is already over, during which the conditions for regulating the crypto currency market were not discussed, since most participants believe that digital currencies do not pose a threat to the global financial system. In turn, it is necessary to take into account the fact of the threat to investors due to the high market volatility of the crypto-currency. Also, the world’s largest countries want to prevent the use of crypto currency for money laundering and terrorist financing, for this reason, market regulation is inevitable, but whether the existing rules will be applied or the new ones will not yet be known.

Technical Analysis: Bitcoin’s price remains negative during Friday trading, but remains in the region of key support levels, from which the renewal of the growth of the price of the crypto currency is possible. The main support levels are $ 8,200.00, $ 8,000.00, for the purpose of growth to $ 8,750.0, $ 9,000.00.

Fig. BTC/USD. The current price is $ 8 360,790.

Alexander Sivtsov