Below will not be: experts predict the growth of Bitcoin prices
Source:
After the looming threat of falling Bitcoin price finally rebounded from the support level just above $ 7,000. Analysts of Fundstrat Global Advisors declare that we will not see significant discharges of course of crypts in the near future. It is reported .
theForecast Bitcoin exchange rate – there is hope for growth
The head of the company Robert Kamer believes in the strength of the current level of support prices of the main cryptocurrency. In his opinion, the rate of Bitcoin has repeatedly bounced from the level of $ 7,000, making it a key psychological level for traders. From this moment the analyst predicts a slow transition of the bearish trend in the side-channel.
If we look at the course on a larger scale, we note a gradual weakening of the drain rates. We believe that in the area of $ 7,000 Bitcoin began the slow process of recovery. Now we are seeing the first stage of consolidation of the price dynamics.
Your approval Slamer reinforced the technical analysis indicator Relative Strength Index (RSI). The rate of change of the price dynamics of Bitcoin also indicate an imminent reversal.
The RSI is at the bottom, and the digital asset is oversold. It gives all grounds to consider the level of seven thousand dollars a good local minimum to Bitcoin.
Confirmation of the beginning of the bullish trend it is possible to consider fixing the price of Bitcoin above $ 7800 dollars. There now being indicator 15-day moving average.
The Next important milestone – the intersection 15-day MA. If the rate consolidates above this level, bulls will be a serious reason for a large purchase.
However, the issue of forecasts of the state of the stock market traders always needs to rely on its own analysis. Digital assets are an excellent tool for price manipulation.
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...
Related News
The first mobile wallet in the network Lightning Network appeared on Android
the First Bitcoin wallet with full support for Lightning Network appeared in Google Play on may 31. App Lightning Wallet is a fully working Lightning-Noda, which provides on-chain and off-chain transactions in the network. It is r...
Nobel laureate: smart contracts Ethereum useless and vulnerable
In early may, a prominent economist and Professor at new York University's Nouriel Roubini that all the talk about decentralized digital money— "just nonsense", and the blockchain is a "publicized an Excel spreadsheet". Now a crit...
In the Netherlands, will create a laboratory for the study of the mining of cryptocurrencies
the Dutch data center ITB2 created a laboratory of mining Bitcoin and Ethereum. The new Department will test the impact of blockchain technology on the global electricity consumption and infrastructure. the a Study of Bitcoin mini...
Why Bitcoin will live when you die Visa and Mastercard
Representatives of payment systems VISA and Mastercard often criticized by the cryptocurrency. The main arguments unnecessary electricity expenses miners and a small transaction throughput. For example, the Ethereum network of 20 ...
To what level will rise Bitcoin? The forecast of the trader
the Last three days, Bitcoin behaves relatively smoothly. The maximum rate of coins made 7682 dollar, and the minimum — 7361 dollar. Capitalization during this period jumped from 125 to 131 billion dollars. Opinion on the current ...
What will happen to Bitcoin exchange rate after halving in 2020? Version analysts
Bitcoin mining unprofitable due to the falling exchange rate of the coin — the profit of the owners of the farms exceed the costs only 6 percent, mentioned in the March study Fundstrat. And although analysts promise the growth rat...
Do startups: Binance will create an investment Fund of one billion dollars
the First volume of trading the crypto currency exchange has announced the creation of a private investment Fund, said . The new organization will be used Binance for large investments in the bitcoin and blockchain startups. the E...
You can not win, lead: the Central Bank can create his own cryptocurrency
currently, the cryptocurrency is considered a serious threat to banks. They can just put them out of business. Dong Hae, Deputy Director of the Department of foreign exchange markets the International Monetary Fund, insisted on th...
Customers complain of problems with Antminer B3. What's wrong?
Under a barrage of criticism came last ASIC Antminer B3. Chinese customers complain about inaccurate information in the advertising of goods and poor service quality control Bitmain. Recall that the issued equipment is designed sp...
The end of may: the highest growth and the most rapid fall of cryptocurrency
outside the window already not may. Many sighed with relief, because the month was not very easy for the holders of the cryptocurrency. The most popular coins were showing terrifying fluctuations. Thanks coincodex of the top 50 co...
It's about time: the Estonian company has filed a lawsuit against Pavel Durov
a Successful ICO Telegram attracted to the company a lot of attention, and it's not only the investors but also fraudsters. Latest fake sites and tried to make money by selling tokens. Piece of cake now wanted of the company Pavel...
Mastercard will implement the blockchain in their loyalty program
In mid-April payment system Mastercard to hire 175 developers, among whom were specialists in a distributed registry. New employees will create a more efficient payment solutions, including on the basis of the blockchain. A month ...
India refused to buy the national cryptocurrency of Venezuela, despite substantial discount
the Government of India rejected the proposal of Venezuela to use their cryptocurrency, reports . Despite the tempting discount of 30 per cent of the Indian authorities refuse to trade, backed by Petro. the El Petro Cryptocurrency...
What if I know nothing about Bitcoin and don't want to understand?
People know absolutely nothing about Bitcoin and don't want to know. For many years it was debunked many myths, misunderstandings and lies that surrounded Bitcoin, but still have people completely ignorant, who openly admit in the...
Japanese gamers will receive a reward in bitcoin
the Japanese gaming Corporation GMO Internet Inc. announced the integration of the application on the blockchain in their services, reports . The program CryptoChips will reward players for achievements and new records. the a Rewa...
The power of the blockchain: a startup Block.one attracted more than $ 4 billion of investments
the Project Block.one gathered about four billion dollars during the ICO, said . This success eclipsed even the most popular public offering of shares on the traditional markets. At the same time Block.one still no working product...
The Australian airport has started to accept Bitcoin and Ether
In January last year, the Australian Brisbane airport announced the intention to rebuild the entire infrastructure for receiving Bitcoin. It took a year and a half now all the outlets and racks of additional services take the Ethe...
Venezuelan authorities have banned the import of equipment for mining
One of the cheapest countries for mining toughens conditions for mining cryptocurrency. The Venezuelan government issued a decree that prohibits the import into the territory of some types of graphics cards and ASIC miners. It is ...
We continue to publish monthly reports on the work of the mining-pool 2Miners. Someone missed — see also . May 2Miners proved to be difficult. We made a lot of tasks related to the development of a new design, ensuring smooth runn...
As Bitcoin futures affect the price of the first cryptocurrencies. Explanation Analytics
At the end of April, the volume of futures trading on Bitcoin record level exchanges CBOE and CME traders the day I bought 19 and 11 thousand contracts. Representatives of trading platforms then stated that a possible reason for t...
Comments (0)
This article has no comment, be the first!