Bitcoin exchange rate rose sharply to 7,400 dollars, but experts do not expect records
Stock Markets Group – bitcoin exchange Rate today 30 may settled near the mark 7 400$, confirming our forecasts the completion of the next wave of falling of cryptocurrency.
14:06 GMT., main trading platforms display these values of the rate BTC/USD:
Bitstamp – $ 7 487 (+0.24%)
Bitfinex – $ 7 486 (+4.1%)
Coinbase – $ 7 492 (+0.7%)
The market capitalization of Bitcoin at the moment is $127 952 billion Total capitalization of the stock market 280 363 billion.
However, over the last eighteen months this was the biggest drop in Bitcoin, which many analysts described as a steady “bearish trend”.
Cryptocurrency resumed growth yesterday in the second half of the day and 15.00 GMT. strengthened by 4% and reached the level of 7 300$ by the end of the trading session. Today’s trading of bitcoin began with mark 7 343$ for one dollar while at the moment the activity of buyers do not show.
The bitcoin exchange rate and news
As it became known, the Prosecutor’s office of Germany held an urgent sale of bitcoin and other altcoins for a total amount of approximately 12 million euros. The auction was held in the investigation of the distribution of pirated software over the Internet.
PayPal co-founder believes that the peak of popularity of bitcoin has already passed. The billionaire believes that bitcoins could be reduced to such a level that will cease to be an interesting tool for investors. The probability of bitcoin is higher than the probability of its growth, and with it the rates of other crypto-currencies can depreciate.
Previously, Thiel was a major supporter of the cryptocurrency, but today changed their vision, believing that the most promising is Ethereum, which cost more tied to technology than to speculation with the price in the market.
It should also be recalled that in addition to the statements previously made by the expert, he was willing to buy bitcoin and neutral or skeptical of alternative cryptocurrencies.
Bitcoin exchange rate today
Cryptocurrency is very close to the psychological mark of 7 000$ and turned around, resuming growth.
The wave of negativity surrounding the bitcoin last month, has helped sellers to reach the target and take profit.
Now in our opinion cryptocurrencies have a chance to begin growth and to make another attempt to reach the important psychological level of$10 000.
The rate of bitcoin will continue to strengthen from current levels. In this case, we consider the first target around 7 500$, where is actually the price.
Running region mA, is the interim resistance. Next, when the successful crossing of this level target will be the level of 8 000$.
The current situation is favorable for buyers and in the coming days we expect the development of ascending dynamics of the asset.
The negative scenario
The rate of bitcoin will not be able to continue the growth to drop below past the psychological mark of 7 000$. In this case, the February for a minimum of 6 500$ will be in the range of prices.
Currently the market players took a breather after yesterday’s strong gains, waiting for new drivers.
Market analyst cryptocurrency
Stock Markets Group™