The crypto currency market remains in equilibrium

During today’s trading, the main crypto-currencies fell in price, losing a part of the earned positions on Monday, but at the same time the prices of the main crypto-currencies keep the movement in the flat range in the short-term period. The China’s state media calls for the introduction of a complete ban on the crypto currency. Despite the fact that China has banned the activity of crypto exchanges, citizens of the country actively continue to work with the help of over-the-counter exchangers. In turn, signals from South Korea are easing the tightening of trade in crypto-currencies, which is confirmed by the opening of new crypto exchanges.

Also, the crypto-currency market is not without the attention of the IMF. On Sunday, the head of the International Monetary Fund announced the inevitability of regulating crypto-currencies. The main reason for the regulation is the possibility of using crypto currency for illegal financial activities. It is worth noting that the desire to regulate the market of crypto currency speaks only of the fact that it still has a future, and the introduction of regulatory measures can only reduce the fears of using crypto currency in everyday life.

Technical analysis: The bitcoin price moves with a slight update of the highs in the short term. In this situation, preference should be given to buying the instrument, but in conditions of low volatility it is worth waiting for a signal about the strengthening of the movement, which will be a breakdown and fixing the price above $ 9,000.00 with a growth potential to $ 9 700.00, $ 10,000.00.

Fig. BTC/USD. The current price is $ 8 420,870.

Alexander Sivtsov