Bitcoin per day was up 2% and trading at $6500-6600. Other cryptocurrency is also slowly increasing in price, but experts predict that recovery may be short-term, because consumer activity is decreasing.
The market capitalization of bitcoin is $113 billionper day, the cryptocurrency has added $2 billion. However, the positive news that has intensified bullish movement and has not appeared. For holders, the situation is negative, the first cryptocurrency almost every day sets a new record and close to the annual minimum.
The technical picture
Bitcoin managed to break the resistance of $6476 (50-day moving average), now she plays a supporting role. The recovery of the BTC / USD limited $6610 (100-day moving average). A break of this line and sustainable growth higher returns bitcoin on the position of $6700and then $7000. However, the MACD indicator indicates a continuing decline in (100-day moving below the 200-day). The gap between the slide increases the pressure on sale. RSI indicates oversold, bulls have a great chance to improve the course of bitcoin, but while trading volumes are quite low. Indicator Ichimoku indicates a continuation of the downward trend – the digital asset is trading below the cloud. The total market capitalization of crypto-currencies is $285 billion.
Previously on this topic in the news:
14.06.2018: Bitcoin won’t rise above $14 000 – analysis for June 14, and forecasts
The currency pair BTC / USD is trading at $6400-6500, recovering from a new low of $6154, which is a bitcoin dropped on Wednesday. Amid rising trading volume of the cryptocurrency rose 3%.
Experts previously predicted that bitcoin will reach $32 000 by the end of the year. But because of the fall of the cryptocurrency market , the number of optimists was on the wane. Now Business Insider UK analysts believe that by the end of 2018, the digital asset will be overcome only by the mark of $14 000. In the preparation of the June report involved 10 cryptanalysts. They expect that by 1 July 2018 first cryptocurrency will return to position $8487and by 31 December will increase to $14 638. Were analyzed 13 of the cryptocurrency, according to him, the forecasts are not too encouraging: a significant increase, more than 200% is projected only for the EOS, if there is a running platform, others are unlikely to reach even last year’s highs.
The technical picture
On the short term stock chart clearly shows that the recovery of bitcoin is limited to $6500. If bitcoin manages to break this level, it will reach $6572 (100-day moving average), and then to $6700. As support is the 50-day moving average at $6300. RSI indicates oversold, but the bulls have taken a wait and not rush to buy assets. Ichimoku indicator continues to point to a downtrend , bitcoin is trading below the cloud. The market capitalization of bitcoin has dropped to $111 billion.
13.06.2018: 3 reasons for the recovery of bitcoin prices
Hacking crypto currency exchange and pressure from the financial institutions has negatively affected the course of bitcoin. However, experts believe that bitcoin will recover, and there are 3 reasons.
The TOP 3 factors that will contribute to the recovery of prices:
The cryptocurrency, which is more than 300 times predicted the collapse and death, a very interesting future. Experts believe that the history of bitcoin is not yet completed, and should expect new highs.
04.05.2018: What you need to bitcoin reached a new high? TOP 5 issues currency
After 3-month drop, Bitcoin is gradually restored. Now bitcoin is trading at $ 9600-9700, but whether cryptocurrency to return to the same height?
The TOP 5 problems that need to be addressed:
In General, experts believe that the return of bitcoin to their previous highs – a question of time, and existing problems can be solved within a year.