The forecast for BTC/USD. Bitcoin correction after growth

The forecast for BTC/USD. Bitcoin correction after growth

The main cryptocurrency shows a correction on the background of yesterday’s short-term growth.

This was a result of news about problems in the exchange Bitfinex, forced to temporarily stop accepting Fiat. As a result, investors began to dump USDT, respectively fueling multiple courses bitcoin and alcaino.

Simultaneously an investment Fund Fidelity has decided to please the market participants adopted a decision to open a subsidiary that will be named Fidelity Digital Assets. This company will organize cryptocurrency trading between institutional investors. Its responsibilities will include the provision of services, such as aiding, clearing and so on.

It is also worth noting the planned opening of a representative office of the exchange Coinbase in the Irish capital, Dublin. Britain entered log s EU Coinbase is already preparing the groundwork for their full-fledged presence, including a full range of services of the exchange, on the shores of Albion.

But Mike Novogratz reiterated its forecast, according to which the bitcoin exchange rate at the end of 2018 will not be able to break the mark of $10,000. But Mike immediately notes that since the beginning of the participation in the bidding of institutional investors in the first and second quarters of next year, we will see the growth of bitcoin until the record of the December figures.

During day time-frame was broken long-term downtrend that has formed since January 2018. In the case of overcoming the 6800 figure is expected to further climb to 7150. Otherwise, bitcoin is likely to fall to 6200.

Trendline

Линии поддержки и сопротивления

An analyst from the company Weltrade

News tags
Let's Disqus