Bitcoin fell back to $ 6300. What's next?
Source:According to the data , yesterday the price of Bitcoin has bounced from the support level and dropped to 6300 dollars. At the moment the price of the cryptocurrency has stabilized at 6335 dollars. asked the opinion of Russian experts on this matter.
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Professor of the Department of financial management of REU named after G. V. Plekhanov Constantine Ordov considers the level of $ 6,000 a very good point for opening long positions.
Ongoing consolidation, which short term may result from a range of up to 6900 dollars. While everyone is waiting for drop below 6000, which will be rapid in the area 5300-5700 dollars.
Apparently, the same idea is adhered to most traders as in this area, the course of bitcoin was only a couple of hours before rebound.
The Analyst does not exclude the possibility of the bearish scenario, while power sellers confirmed the disappointing situation with the course of altcoins. However, in September the situation may change dramatically — during the month, the SEC needs to issue a verdict on megavitamin cryptocurrency ETF.
Earlier, BitMEX CEO Arthur Hayes that Bitcoin will find a new wave of growth up to $ 50,000. In any case, the cryptocurrency may prove to be an asset in the next financial crisis. I hope to see this succeed without the global problems.
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