The crypto-currency market is under pressure. Interest in crypto-currencies is declining

During today’s trading most of the major currencies are falling in price. The main pressure on the market for crypto-currencies is the growth of risk messages, which is the investment in digital currencies. Today, Google has announced a ban on advertising crypto-stock exchanges, cryptocurrencies, cryptowallets and ICO. This prohibition shall enter into force on June 1, 2018. Also it is worth noting that, in addition to the ban on the search engine, these restrictions will also affect banners on YouTube. Google reported that their solution is related to protecting consumers from the potential threat from crypto-currencies and their risky instruments.

Technical Analysis: During yesterday’s trading, the price of bitcoin was never able to gain a foothold above $ 9,200.00, which is confirmed by my yesterday’s forecast that the price of crypto-currency will be further lowered. More: “The market of crypto currency is under pressure.” Bitcoin once again dropped below $ 9,000.00. ” At the moment, Bitcoin’s price is actively moving to $ 8,200.00, in case of overcoming this support, it is necessary to expect a further decrease in the price of the crypto currency to $ 7,300.00, $ 6,500.00.

Fig. BTC / USD Graph. The current price is $ 8,507,180.

Alexander Sivtsov