The value of the cryptocurrency is slowly reduced from 15 October. According to the analyst Omkara of Godbole in the near future the situation may change
Thursday, 25 October, the average rate of Bitcoin fell to $6447, and then moved up slightly. Now the cryptocurrency is trading at $6477, over the past day, it fell by 0.5%. The price of the coins is gradually decreasing from 15 October, after it reached $6965.
According to the analyst CoinDesk Omkara of Godbole, now the cost of crypto currency is moving to the level of $6376. If it drops below this level, will reach $6230, and then may fall to $6121.
On the other hand, if Bitcoin can gain a foothold above, it needs to overcome the level of $6476 to continue to climb and reach the zone of $6810. In order to grow, the price of gold should remain above this level until the end of the week.
More news on cryptocurrency can be found in our telegram channel RBC-Crypto.