Bitcoin regains positions

In today’s trading, the price of bitcoin is recovering, after a sharp decline the day before. Yesterday, the cost of the most popular crypto currency in the world reached a historic high at $ 11,403.81, after which declined due to the partial profit-taking by investors. Later, the price reduction significantly accelerated, losing more than 20% of the positions. This decline in market participants attributed to a malfunction in the work of large crypto-banks in the US, which is confirmed by the decline in all major world’s crypto-currencies.

Technical analysis: At the moment, the price of bitcoin has been fixed above the level of $ 10,000, which indicates a possible continuation of the growth of the crypto currency price. After yesterday’s decline, investors can take a cautious stance against crypto currnecy, and the continuation of the decrease in the price of bitcoin is possible. In the event that bitcoin resumes decline and the price is fixed below the level of $ 9,700.00, one should expect the crypto currency to decrease to $ 9,000.00.

Fig. BTC/USD, current price – $ 10 154.130.

Alexander Sivtsov