Bitcoin tests the maximum

During today’s trading, the price of the most popular crypto currency in the world has tested its maximum mark at $ 7458.97, which is a signal of a possible next update of the maximum price of the crypto currency. The main support for the price of crypto currency is provided by the expectation of the launch of Bitcoin futures trading by the largest CME Group of futures exchange. Also, additional support is provided by Iran’s intention to legalize Bitcoin in the country. See https://esterholdings.com/en/2017/11/07/bitcoin-sohranyaet-polozhitelnyj-nastroj-2/.

Technical Analysis: Since the beginning of the week, Bitcoin has been moving in the flat range against the US dollar, which was due to the correction of the position after the next update of the high last week. At the moment, the pair BTC/USD is restrained by the price of $ 7460.00. In the event that the Bitcoin price is fixed above the level, one should expect the increase of the crypto currency price to the level of $ 7750,00- $ 8000,00.

Fig. Chart BTC/USD current price – $ 7475.00

Alexander Sivtsov