In the last 48 hours in the cryptocurrency market has grown by more than $ 25 billion from 198 to 223 billion. Ripple and Ethereum supported the dynamics of the market. In addition, the cryptocurrency Bitcoin has a good chance to pass a vital border to 6800 dollars.
From 20 September cryptocurrency market have initiated strong corrective rally caused by extreme oversold. But as expected by many investors, solid growth momentum of most of the major cryptocurrencies and small capital assets led the market to recovery.
Stellar, Tezos, Waltonchain and Status recorded losses in the range of 6 to 8 percent, showing an increase in value of about 20 percent in the last 24 hours.
Good news for Bitcoin
Currently, as of 22 September, the price of Bitcoin remains under the border in 6700 dollars, and if the volume of the dominant cryptocurrency, which increased from 3.3 to 5.8 billion in the past week, will be sustainable within the next 48 hours, it is very likely that Bitcoin will surpass resistance around 6800 dollars in the short term.
Of course, if BTC will exceed $ 6800, this will mean that cryptocurrency will be included in the region of 7000, which will allow it to test the resistance level of 8800 in the medium term. Earlier, the billionaire Mike Novogratz stressed that 6,800 $ 8,800 $ 10,000 US dollars are the major resistance levels that must be overcome BTC.
Short-term forecast of the Novogratz reflects the point of view Masayuki Tashiro, a renowned Japanese market analyst, who said that the price of Bitcoin is likely to exceed $ 9,000 by next month.