Bitcoin is inactive

The price of the world’s most popular crypto currency is sluggish in the course of Thursday trading, after declining for two consecutive sessions. This bitcoin dynamics is associated with the stabilization of positions after updating the maximum marks, which was caused by the launch of trading in futures on crypto currency.

Technical analysis: At the moment, the price of the crypto currency is moving in the channel between the levels of $ 17,600.00; $ 15,400.00, which are the main levels of resistance and support. In case the price of the crypto currency is fixed above $ 17,600.00, one should expect a rise to $ 19,200.00; $ 19 600,00. In case of a decrease in the price of bitcoin and its consolidation below $ 15,400.00, one should expect its further decrease to $ 14,000.00; $ 13,250.00.

Fig. BTC/USD. The current price is $ 16,884.051.

For more information, see “Dash updates the historical maximum“.

Alexander Sivtsov