Bitcoin is under pressure. BitcoinCash has updated its historical maximum

The most popular crypto currency is trading under pressure during Wednesday trading, after the historical maximum was updated on December 17 to $ 19 628.00.

Yesterday, the South Korean crypto-exchange Youbit declared itself bankrupt, after being subjected to a hacker attack for the second time in a year. According to Reuters, the attackers managed to steal about 17% of the assets of the trading platform. It should be noted that in April of the current year, as a result of the attack on the stock exchange, about 4,000 bitcoins were stolen. This situation with the exchange Youbit casts doubts on the security of bitcoin, which could put pressure on the Crypto-Currency, causing a decrease in confidence in the crypto currency from investors.

Technical analysis: During the last 24 hours the price of bitcoin has decreased by more than 10%, while the minimum price was noted at $ 15,400.00. At the moment, the main resistance is provided by the level of $ 17,600.00, in case of overcoming this level, one should expect further recovery of the bitcoin price to $ 19,200.00; $ 19 600,00.

Fig. BTC/USD. The current price is $ 16,891.230.

Technical analysis: Bitcoincash on the background of the weakening of the classic bitcoin updated its historical maximum to around $ 3,660.31, adding about 80% of the value from yesterday. At the moment, the bitcoincash price has moved to correction. The main support levels are $ 3,000.00; $ 2,700.00, from which it is possible to resume the growth of the price of the crypto currency.

Fig.BCH/USD. The current price is $ 3,186.210.

Also, see “Bitcoin tempered the ardor. Altcoins update highs »

Alexander Sivtsov