The cryptocurrency market continues to gradually increase the capitalization and trading volumes. Although over the past day, Bitcoin never managed to break through the resistance level of $ 4,200, but it successfully resists attempts to new collaps, holding the course above $ 4000.
Within 24 hours, at the expense of altkoinov, the capitalization of the cryptoms rose by $ 3 billion, and trade turnover for the same amount. From December 17, the average daily trading volume increased by more than 2 times, from $ 11 billion to $ 25 billion. During the day, Bitcoin’s price fluctuates near the level of $ 4000 and 2 attempts to storm the resistance level of $ 4,200 were conducted, which were not crowned with success. At the time of writing the material
Analysts say that the market is not yet ready to restore the first cryptocurrency to $ 5 thousand, and this will require time, since a sharp jump can provoke the next uncontrolled collapse and will reduce the bullish reversal. Many people expect that market enhancement will increase volatility, so in the coming months, Bitcoin can move in a fairly wide range of $ 3-6 thousand.
Ageev Alexander, analyst of the company «Foreignist», believes that this year we observed «shock therapy» with which the crypto community was given to feelings after last year’s hysteria. In his opinion, in order to effectively and without risks to develop the industry, stock exchange volumes were deliberately derived from turnover, which led to a decrease in assets prices. He also confirms that the restoration will require time and predicts the offensive thaw only by mid 2019:
«By the summer, you can expect Bitcoin’s growth to $ 6,000 and increase the value of most cryptovs, and, therefore, investment attractiveness.»
Despite the relatively stable CBC rate, many altcoins for this period significantly improved their position. Bitcoin cache (
Despite the crisis of the crypton, the global adoption of the virtual currency is gradually approaching. One example is the Brazilian network of Oasis Supermercados supermarkets, in which you can now