The crypto currency market is recovering

Today, most of the major crypto-currencies along with Bitcoin continue to recover their positions. Over the past 24 hours, the total capitalization of the market has increased by about $ 34.00 billion, and is about $ 588.00 billion. The recovery of the digital currency price is being held back by the continuing concerns about tightening regulation of trade in crypto currency in Asia, particularly in China and South Korea. Support may be provided by a new wave of demand for this financial instrument, from the side of large investors.

Technical analysis: Bitcoin’s price moves in a rather narrow range during the second consecutive session, in anticipation of new signals about the balance of supply and demand in the market. In the event that the price of the crypto currency continues to grow and is fixed above the $ 12,800.00 mark, one should expect the further growth of Bitconin’s price to $ 14,000.00, $ 15,000.00. The main support levels are $ 9,000.00, $ 8,400.00.

Fig. BTC/USD. Current price – $ 11,431.010

Alexander Sivtsov