The state of the crypto-currency market. The situation is stable

The situation on the crypto-currency market is stable in expectation of new catalysts for the movement. The main pressure on the market is caused by concerns about tougher regulation of trade in crypto currency. Investors remain positive because of the growing popularity of blockchain technology, as it is likely that crypto-currencies, based on this technology, can get more extensive use in the future.

Technical analysis: The situation with the movement of Bitcoin’s price remains unchanged. The price moves in the flat range with resistance at $ 11,700.00, $ 9,900.00. In the current situation on the market, the volume of trade in crypto currency fell almost twofold and will recover after the new catalysts for the movement will appear. Decisions on the trade should be made only after the price will come out of the flat range.

Fig. BTC/USD. The current price is $ 10,980,840.

Alexander Sivtsov