The crypto currency market remains under pressure. The basic drivers of the market.

The market of crypto-currencies has recovered slightly, over the last 24 hours the total capitalization of the market has increased by almost 20 billion. The main pressure on the market is exerted by fears over tightening of the market regulation, prompted by South Korea’s announcement of plans to close crypto-exchanges in the country. On the other hand, the support of the market may be aroused by the growing interest in crypto-currencies on the part of large corporations to create or improve their own payment systems.

Technical Analysis: Yesterday, Bitcoin’s course updated the minimum of the year to $ 9,069.47, more than doubling after reaching a maximum of $ 19,628.870 in December of last year. The main support levels are: $ 9,000.00; $ 8 400,00. The main resistance levels are: $ 12,000.00; $ 12,800.00.

Fig. BTC/USD. The current price is $ 10,594,310.

Alexander Sivtsov