Bitcoin has weakened positions, but retains the potential for growth

After reaching one of the key marks that I pointed out in my opinion yesterday, the price of the most popular crypto currency fell against the background of partial fixation of profits by market participants. In addition, see “The crypto currency market is recovering.” The cost of Bitcoin exceeded $ 10,000.00. “

Also, some decrease in both Bitcoin and other major crypto-currencies is associated with caution of market participants against the background of South Korea’s uncertain position on the issue of regulating the crypto-currency market. On Tuesday, the Minister for the Coordination of Public Policy, Hong Nam-Ki, said that the government has not yet reached a final decision on the issue of regulating the market of crypto-currencies.

Technical analysis: Bitcoin retains an upward trend in a short-term trend. The main support levels are $ 10,000.00, $ 9,600.00, $ 9,250.00. The main goals for the price increase remain at the marks of $ 11,000.00, $ 11,600.00.

Alexander Sivtsov