The crypto currency market is in anticipation of the activation of the “Bulls”

In today’s trading, most of the world’s major crypto currency is not very volatile, thereby maintaining the possibility of price recovery in the market. At the G20 summit, the financial leaders of the G-20 countries reported that they are not going to take any measures to regulate the crypto-currency market, despite calls by Japan and France to tighten the rules for trading in digital currencies. It is also worth noting that on Monday the letter of the head of the Bank of England Carney to the leaders of the G20 was published, in which Carney announced that virtual currencies do not pose a threat to global financial stability.

Technical analysis: The Situation with Bitcoin remains unchanged, the price is still moving near the $ 8,200.00 mark. If the price is fixed above $ 8,400.00 on the daily chart, one should expect the price of the crypto currency to rise to $ 9,200.00, $ 9,800.00. If the price is fixed below $ 8,000.00, one should expect the price of the crypto currency to decrease further to $ 7,300.00, $ 6,500.00.

Fig. BTC/USD. The current price is $ 8,362.060.

Alexander Sivtsov