The crypto currency market continues to recover. Bitcoin updated the annual maximum

In the course of trading on Thursday, the world’s major crypto-currencies show positive dynamics. The main support for the crypto-currencies was made yesterday by the South Korean government about the decision to allow the continuation of the work of crypto exchanges on the territory of the country. This message from the Korean authorities was very positively received by the market, since the share of South Korean exchanges accounts for about 20% of the trade in crypto-currencies.

Technical analysis: Today Bitcoin’s price has updated the maximum of 2018 to around $ 9,798.80, thereby justifying my yesterday’s forecast. See “Bitcoin retains a positive attitude“. At the moment, Bitcoin’s price has firmly established itself above the resistance line of the rising channel H1, which is a signal of further growth in the price of the crypto currency. The main support levels, from which it is worth considering purchase of Bitcoin, consider at $ 9,000.00, $ 8,700.00. One should consider further growth objectives in the region of $ 10,000.00- $ 10,250.00.

Fig. BTC/USD. The current price is $ 9,495,171.

Alexander Sivtsov