Bitcoin’s growth, the forecast indicates that a technical stop will not be long
Stock Markets Group – the exchange Rate of bitcoin, the most popular cryptocurrency in the world decreased slightly, but not losing previously achieved levels. Buyers continue to fight for the highs and the minor negative, which occurs, technical a breather before starting a new surge.
At the moment the major exchanges show the following values of value of bitcoin:
Bitstamp – $10 800 (-2.71%)
Bitfinex – $10 753 (-0.1%)
Coinbase – $10 746 (-0.15%)
The market capitalization of bitcoin at the moment is $183.4 billion.
The bitcoin exchange rate and news
Cryptocurrencies will face big problems even if they recognize as money.
This is stated in the next report that was sent out to its customers the largest us Bank J. P. Morgan. According to experts of the banking monopoly, bitcoin and cryptocurrencies will never replace national currencies, as they do not meet the basic criteria.
Even if this happens, the effect of Fiat currency in the world is huge compared to digital coins.
However, the Bank agree to the use of cryptocurrency in the client’s portfolio as an additional investment tool.
The main problem of the Bank believes that the strong volatility of bitcoin and other cryptocurrencies to traditional currencies or commodities, which makes their use as a payment instrument are out of date.
“Only lovers today use cryptocurrency as a means of payment, and only in a simple transaction for services or goods”
Recall that this is not the first release in which the Bank warns its customers about possible risks associated with bitcoin and cryptocurrency, and give predictions about their use in the future.
VISA recognized the error of double debit in a transaction with Coinbase.
As it became known, the billing provider VISA has acknowledged the lack of Coinbase fault in the erroneous payments from the credit cards of customers.
The incident occurred on 16 February and until yesterday none of the parties are not told about the error. However, after the investigation of the payment operator and the exchange released a joint statement which confirmed that the problem was from VISA, and the operator shall refund all debited funds.
Forecast bitcoin exchange rate today
As we expected, bitcoin retreated a little from the previously reached maximums. However, this depreciation in our view, is a normal technical correction that tomorrow will be completely played out.
Given that the rate of bitcoin has not dropped even to the first support, it is safe to speak of a sufficient number of large buyers in the market, able to retain current levels.
The price continues to move toward the following goals are at the level of $12 500 and then to $13 000.
A slight delay at the current level is still possible, but it is not a major impact on future growth.
The negative scenario
Correction of the exchange rate of bitcoin will continue the first goal, where sellers will meet strong support is at $10 000. In the current situation, to rely on a strong fall is not necessary, as the market gradually recovered, getting new active players.
Additional support for bitcoin stands a moving average which is at $9 700.
Despite the slight depreciation of the cryptocurrency, we expect continued growth next week.
Other cryptocurrencies as well took a break and declined slightly. At the time of writing, the market situation looks as follows:
Total market capitalization of crypto-currencies today is $452.7
Market analyst cryptocurrency
Stock Markets Group™