The crypto currency market continues to lose positions

Most major world’s crypto currencies, including Bitcoin, are declining since the start of the new trading week. It is worth noting that there are no significant fundamental factors that could contribute to this reduction. On the market, there are still some concerns about tightening the crypto currency trade, but it should be noted that the introduction of certain rules will be aimed at ensuring the safety of investors and reducing the likelihood of illegal financial transactions with the help of crypto currency. The head of the trading and securities division of the Securities and Exchange Commission of the US Brett Redfirn proposed to improve the market of digital currencies by introducing in this environment principles similar to the stock market.

Technical Analysis: At the moment, Bitcoin’s price has fallen below $ 8,200.00, while the next significant support level is at $ 8,000.00. In case the price will be able to gain a foothold below the level of $ 8,000.00, I expect a further decrease in Bitcoin’s price to $ 7,800.00, $ 7,600.00.

Fig. BTC / USD Graph. The current price is $ 8 197,620.

Alexander Sivtsov