Monday, December 2: Bitcoin (BTC) lost slightly today, progressing overall, after the decline of the weekend which did not allow to maintain the support at less than $ 7,000. Visualization of the Coin360 market Bitcoin can stop the descent
Coin360 data show that the market's leading cryptocurrency is currently trading in a narrow price range of $ 300, with a daily minimum of $ 7,180.
The upper limit of the price range is $ 7,500 and since this mark could not be exceeded during the day, the price returned to $ 7,300 at the time of writing. Bitcoin historical price 7 days. Source: Coin360
Analysts are pleased that Bitcoin can avoid a further slowdown in which they see a positive sign for further price development.
Michaël van de Poppe, a Cointelegraph specialist, says it is now time to break the $ 7,400 mark to bring the price back to its nearest resistance at $ 8,100.
This Monday, he illustrated his correspondence Evaluation in a stock chart. If Bitcoin does not manage to break this mark, he sees no broken leg in it:
"If we can not keep the Lilane Zone at $ 7,250, it goes back to $ 6,900."
Earlier, van de Poppe was more skeptical when he feared that Bitcoin investors would not be out of danger yet, as renewed sales pressure could bring down cryptocurrency, the market leader.
According to other calculations, Bitcoin should soon rise again. For example, one analyst recently pointed out that the departure of the main Bitcoin futures at the end of the month should create a new momentum, as it has been largely similar in the past.
While the CME Group's Bitcoin monthly futures closed at the end of the month at $ 315 more than they had opened in early December, this should create a bullish effect, which should probably raise the price.
According to calculations, Bitcoin is expected to rise to a price of US $ 7,465-7,800. The altcoins hang out
Meanwhile, the Altcoins follow mainly the lateral movement of the market leader.
For example, Ether (ETH), the second largest cryptocurrency, and therefore the largest altcoin, lost 1.6%, bringing its price to $ 150. Ether price history 7 days. Source: Coin360
Other cryptographic currencies also posted slight losses, with only EOS (EOS) and Litecoin (LTC) outperforming with declines of 3.4% and 4.41% respectively.
The total market capitalization of all cryptocurrencies is currently $ 199.3 billion, with Bitcoin's market share standing at 66.5%, 0.1% lower than the previous day. all live updates on the cryptography markets here Related...