The сrypto-currency market. The situation remains unchanged

The price of the most major crypto currencies moves in the flat range. Fears about the tightening of the trade regulation in the crypto currency do not allow the market to resume its growth. At the same time, investors’ hopes for a better future for crypto currencies keep them from deciding to part with the acquired digital coins.

At the moment, it seems that everyone who earned on growth in 2017, left the market, and those who did not have time, are in no hurry with the withdrawal of capital, thereby supporting the cost of crypto-currency. It is also worth noting that in January liquidity on the market dropped significantly. If in December, the trading volume exceeded 10% of the total market capitalization, today this figure is less than 4%.

Technical analysis: Bitcoin’s price moves in the flat range with support at $ 9,900.00 and resistance at $ 11,700.00.

The main recommendations: For those who want to trade on the crypto currency, it is worth considering both purchases and sales from the above mentioned flat boundaries.  I advise to fix profits in the middle of this channel at the price of $ 10,700.00- $ 10,800.00 with observance of money management in relation to loss to profit 1: 2.

Fig. BTC/USD. The current price is $ 10,765.450.

Alexander Sivtsov