Bitcoin is in the correction phase. Speculation in the crypto-currency market is decreasing

In today’s trading, most of the major crypto currency fell slightly in price, which is due to the partial fixation of profits on long positions, after almost 20% growth in the current week. It is also worth noting that the daily volatility in the market of crypto-currency, during the current week, has not undergone a drastic change, so it can be concluded that speculative pressure on the market has decreased.

Technical analysis: After updating the maximum February mark to $ 10 122,16, Bitcoin’s price went down, but still maintains an upward trend in the short term. The main support levels are $ 9,000.00, $ 8,800.00. The main objectives of further price growth are considered at $ 10,250.00, $ 10,600.00.

Fig. BTC/USD. The current price is $ 9,695,390.

Alexander Sivtsov