The exchange rate of bitcoin: Experts expect to break the level of 6000 dollars
The exchange rate of bitcoin continues to develop the offensive, closely approaching the level of $6000. This is both an important psychological level, and region, where in November last year, started the collapse of the first cryptocurrencies.
Momentum this week has allowed BTC to exceed $5800, which is the end of the 2017 acted as an important support – and this is a good bullish signal. From the technical analysis, bitcoin price is likely to find little resistance up to $6050-$6250. Digital cryptocurrency fell almost without interruption from $6250 to $3,500. Often this implies that recovery can occur without significant evidence of growth. However, in the region above $6050 already found a number of important levels. If the market remains bogged down in them, this will be the first signal of deteriorating prospects.
The reason for the recent rise can be considered rumors that the world’s largest investment company Fidelity with assets of $7 trillion. going to start the service trade scriptactive for institutional investors, with a focus on bitcoin. Directly the company has not confirmed this, however, recently conducted a survey of the market, the results of which found out that half of the recipients want to invest in digital assets.
On the return of interest in trade in bitcoin and says the growing volume of transactions in the network. In April it exceeded $130 billion, making it the highest since June 2018. The market capitalization of the reference cryptocurrency for the first time since November 15, 2018 was more than $100 billion. it Happened in the beginning of the week, while Tuesday this value is nearly $105 billion.
Another positive impulse for the market was the news about the intention of the CFTC to approve the launch of futures contracts on Ethereum (ETH), which in theory should attract new institutional money. This news of course ETH jumped in the last 24 hours on 10% and is currently trading around $177. It should be noted that the air showed growth along with the entire market, and with the end of January the main aldonu managed to add almost 70% in price.
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