The bitcoin exchange rate could drop to 7,500 dollars by the end of July
Stock Markets Group – bitcoin exchange Rate at the end of the last day lost more than 1.12% and currently Binance one token offer 9314 dollars.
Yesterday just a day most popular cryptocurrency fell 12%, dropping below the key level of $ 10,000.
The situation with bitcoin has shifted to the downside, which is confirmed by technical signals.
The reason for this sharp depreciation was the criticism by the regulator USA new cryptocurrency Libra. Previously, such information was already there, but now concerns about crypto is caused by a review of trump on Twitter.
“I’m not a supporter of bitcoin and other crypto-currencies that have no value and are not money. At the same time, the lack of regulation of cryptocurrency can facilitate their illicit trafficking, including drug trafficking and other illegal activities”
After a time, the message caused a surge of negativity, and rumors that the President of the United States may exercise its right to dispose of and to prohibit the circulation of bitcoins in the country.
The bitcoin exchange rate could not keep from falling and pulled him the rest of the cryptocurrency. Currently part of the tokens were still able to compensate for the loss.
So the value of Bitcoin Cash appreciated by 0.87%, the price of Ripple has gained 0.84%, and the rate Ethereum has strengthened by 0.71%, and the rate Bitcoin Gold falls to 2.4% and for one coin on the crypto currency exchange serves 25.4 of the dollar.
Total market capitalization of bitcoin for today is 166 452 billion.
Chart bitcoin/dollar filed the first signals to reduce the most popular cryptocurrencies. The Bitcoin price has approached the upper boundary of the Ichimoku cloud, which is a negative signal, and threatens the cancellation of the uptrend.
If the quotes will go below the current levels, it will cause increased sales and the first target will be around 7 500. In the current situation we suggest to wait for the rebound of bitcoin exchange rate, or fix the position if sales increase.
Market analyst cryptocurrency
Stock Markets Group