The state of the crypto-currency market: Bitcoin is inactive

During today’s trading, most of the major currencies show mixed and fairly restrained dynamics with a maximum deviation from zero marks within 3.0%. This situation in the market is connected with the formation of a certain balance between the number of opponents and adherents. The main pressure on the quotations of the currency was made by the statement of South Korea last week about the intention to prohibit the trade in crypto currency, which led to a sharp sale of most of the crypto currency.

Technical analysis: Bitcoin’s price moves in the flat range with the main support levels at $ 12,800.00; $ 12,000.00. The main resistance levels are $ 14,700.00; $ 15,400.00 $ 16,400.00.

Fig. BTC/USD. The current price is $ 13,468.39.

Alexander Sivtsov