Bitcoin is teetering on the level of 7 thousand dollars. What’s next?

After a small decline Bitcoin stuck at 7 thousand dollars. In the absence of negative news is the first cryptocurrency is unlikely to fall below very soon, because the market situation is stable, and the reason for the depreciation of the coins there. About it “RIA Novosti” said the chief investment officer of the international network of experts and investors for the digital economy Cryptolife.World Mansur Guseynov.

According to the analyst, now the lower level of support is in the area of the previous lows at around USD 5700-6000. The upper level is the value of 7600 dollars.

Forecast Bitcoin exchange rate

Against the background of price stagnation, Hasrat Bitcoin since the beginning of August grew by 20 percent, and year — to-date 2.65 times. The current growth is probably due to the entry of new, more effective models of miners from different manufacturers, as the profitability of the most common devices — Antminer S9 — for the year decreased significantly.

Yesterday technical analyst Sarah Jen saidthat Bitcoin has the potential for growth in the short term. The first cryptocurrency can grow up to 7.8 thousand dollars.

Other analysts believe that within a month the coin will grow by 15 percent amid record value of S&P 500 index. Last year this event was one of the impulses for a prolonged rally of Bitcoin.

On what numbers you expect? Waiting for a response in cryptodata of hontarov.

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