The first day of the trading week in the market, the cryptocurrency is in green. Over the past two days, bitcoin has grown and returned 15% of the decline that occurred last week, when the market was under pressure and fell by 26.8%. Now bitcoin is in the range of 9,500.00 - 10,000.00 and according to the technical analysis the chart gives signals to consider short-term purchases, but not everything is so simple.
A week later, there will be a meeting of the finance ministers of the G-20 countries to discuss issues related to crypto-currencies. This can be defined as the main reason that motivates investors to buy now. On the other hand, the idea of buying can be questioned because of the news, which once again came from China. Yesterday, it became known that the Chinese authorities blocked access to the "Binance", "Bitfinex" , and "Gate.io" crypto exchange exchanges, news media reported. It is worth noting that the market did not pay attention to these messages and bitcoin continued to grow. Probably it was another attempt by "big players" to artificially influence the moods of small and inexperienced investors that would motivate them to sell their coins, on which the "big players" and gaining their portfolios large volumes.
At the moment, for bitcoin, you can determine strong resistance at 10 000.00 - 10 100.00, from which the price may continue to decline If will appear is more negative news on the market.
A week later, there will be a meeting of the finance ministers of the G-20 countries to discuss issues related to crypto-currencies. This can be defined as the main reason that motivates investors to buy now. On the other hand, the idea of buying can be questioned because of the news, which once again came from China. Yesterday, it became known that the Chinese authorities blocked access to the "Binance", "Bitfinex" , and "Gate.io" crypto exchange exchanges, news media reported. It is worth noting that the market did not pay attention to these messages and bitcoin continued to grow. Probably it was another attempt by "big players" to artificially influence the moods of small and inexperienced investors that would motivate them to sell their coins, on which the "big players" and gaining their portfolios large volumes.
At the moment, for bitcoin, you can determine strong resistance at 10 000.00 - 10 100.00, from which the price may continue to decline If will appear is more negative news on the market.
Trade active:
The coins of CREDITS ("CS") last week, like the rest of the altcoins, experienced the influence of negative speculative sentiments and fell to 0.00058 CS / ETH, which immediately began active buys by investors and speculators, as a result of which the coin grew to its previous levels. At the moment, "CS" is trading in a narrow range of 0.0008 - 0.0009 CS / ETH and investors are now waiting for further developments. It should be noted that the level of 0.0008 CS / ETH can be considered as a strong support level, and the range 0.0007 - 0.000825 as a good level for purchases by the strategy of long-term investors who are now rushing to buy at good prices in anticipation of the G20 meeting.
Trade closed: target reached