The crypto currency market is growing. Price of Bitcoingained a foothold above $ 10,000.00.

The crypto-currency market continues to recover after a significant decline in early 2018, which was caused by fears of tightening regulation of trade in crypto-currencies. The impetus for the growth of last year’s crypto currency was a statement by the South Korean authorities on the continuation of the work of crypto-exchanges in the country. Let me remind you that the catalyst for reducing the price of crypto currency at the end of 2017 and early 2018 was the statement of the South Korean government about a possible ban on trade in foreign currency, taking into account the fact that South Korea accounts for about 20% of the trade turnover.

Technical analysis: Bitcoin’s price was fixed above $ 10,000.00, which is a signal of further recovery of the price of the crypto currency. If Bitcoin’s price is able to gain a foothold above $ 10,800.00, one should expect its further growth to reach $ 11,700.00. The main support levels are $ 10,000.00, $ 9,600.00.

Fig. BTC/USD. The current price is $ 10,617,540.

Alexander Sivtsov