The crypto-currency market remains positive. Bitcoin updated the February maximum
In the course of trading on Monday, the main crypto-currencies show positive dynamics, on average, adding about 12% to the price, it is also worth noting that in the first half of Monday trading market capitalization rose to $ 430 billion, against Friday at $ 400 billion. Bitcoin’s price reached a maximum February mark of $ 8 685,380.
Technical Analysis: The second half of the previous week, Bitcoin’s price moved in a predominantly flat, indicating a balance between bulls and bears, as well as the possible start of a new wave of growth after a two-month decline in the price of bitcoin.
Key recommendations: At the moment Bitcoin’s price is near the resistance line of the descending channel on H1. Purchases should be considered when fixing the price above the $ 9 000.00 mark with the growth potential to $ 9 700.00, $ 10 000.00. Also, the purchase should be considered from the support of the flat range in the area of $ 7,650.00- $ 7,400.00.
Fig. BTC/USD. The current price is $ 8,610,490.
Alexander Sivtsov