When to expect a sharp movement? Expert

Today, the cost of Bitcoin rose slightly, but in General, the cryptocurrency is still not out of the weekly trading channel. At the moment, most traders are waiting for new details about the ETF from the SEC. About it writes RIA Novosti.

Why is not growing Bitcoin

Over the past week, the cryptocurrency were unable to break through the resistance level of 6800 dollars. Analysts point to the lack of “fuel” for the new bullrun in the short term. Good boost for the local uptrend may provide news from the SEC.

Now Bitcoin is trading above $ 6,700. A small pullback had a positive impact on altonah. Of the top 100 coins on Coinmarketcap only a few dropped slightly in price over the past day.

Investment Director Cryptolife.World Mansour Huseynov suggests that lateral movement of the asset can still be delayed.

Last week Bitcoin was trading in the range 6200-6800 dollars. Positive momentum for further growth there, but the fall stopped as well. A period of low volatility may last another 2-3 weeks, and then sudden movement.

In the end, the cryptocurrency still beat his previous record price. To prepare for Cusimano, visit our live chat.


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