The crypto-currency market has grown, but still remains under pressure

On Monday, most of the major crypto currencies increased in price, which was caused by the announcement of the Tokyo currency exchange Coincheck about return to customers about 90% of the stolen funds. On Friday, trading on Coincheck was suspended after a hacker attack stole NEM crypto currency for $ 534m. This hacking attack increased concerns about the security of operations in crypto-currencies, which puts pressure on the market.

Technical analysis: Bitcoin is traded in the flat range with support at $ 9,900.00 and resistance at $ 11,700.00. It is worth noting that on Friday at the Coincheck exchange trading was suspended by all crypto-currencies except Bitcoin, which could strengthen its positions in the market and the flow of capital from altcoins. In case of resumption of growth and fixing the price above $ 11,700.00, it is worth considering buying Bitcoin for $ 13,000.00.

Fig. BTC/USD. Current price – $ 11 158.380

Alexander Sivtsov