The exchange rate of bitcoin keeps rising, and analysts say that the cryptocurrency this week may test $7.8 thousand while maintaining the positive trend.
According to CoinMarketCap, as at 9.28 GMT bitcoin has risen by 1.18% to $7,37 thousand largest by volume cryptocurrency exchange Binance bitcoin increased in price on 1,31% — to $7,37 thousand
According to the Professor, chair of financial management of REU named after G. V. Plekhanov Constantine Ordov, bitcoin exchange rate varies while in the range of $7.1 to 7.4 thousand this analyst noted that “attempts to break through the $7.5 thousand over back, to fall below $7 thousand market does not”. In his opinion, this situation usually occurs ahead of a strong movement.
“Appeared on the market rumors that the whales are being transferred to the wallets of exchanges large amounts of money preparing for the massive purchases of bitcoin. But we have already seen the number of fakes that you can trust this news is more expensive. Therefore, the end of the week remains unpredictable,” said Ordov.
The analyst added that the formation of a positive trend bitcoin this week may test $7.8 thousand
Recall that the rate of bitcoin has exceeded $7 thousand on August 28. Moreover, the growth rate occurred in the absence of any positive news, allowing you to say that it is a consequence of the recovery in business activity before the business season and assumed the beginning of market recovery.