Analytics / Forex and Crypto News
Starting on January 3, when Bitcoin surpassed the $7,000 mark, it receives support, which allows it to maintain an upward trend. At the time of publication, Bitcoin is traded at $7,860, and its market capitalization is $142.46 billion.
If you look at the 4-hour BTC/USD chart, you can see that the price of Bitcoin grew in 2 stages. At the first stage, Bitcoin rose from $6,930 to $7,330. The second phase began on the night of January 6, when the price rose from the $7,500 area to the $7,900 area.
And now, some traders have begun to expect a break above $8,000. However, we see a correction, and the price movement in the region of $7,870.
According to analysts, Bitcoin should overcome resistance at $7,800. In this case, he will be able to update the fundamental values and resume expansion.
Bitcoin is slowly, but still moving up. Already today, BTC should overcome the milestone at $8,000 if support, primarily in Asia, continues for at least several hours.
Galaxy Digital CEO Mike Novogratz believes that the worsening of US-Iranian relations after the liquidation of General Soleimani will become a driver of bitcoin growth.
Now the coin is growing due to the support of Middle Eastern investors, in parallel, gold jumped to a new maximum (gold is trading in the area of $1565).
During November, ICO-projects sold 416K ETH. This is the largest figure since the summer, reports Trustnodes.
According to Santiment, in August, ICO startups sold only 100,000 ETH. In September, sales of digital currency increased significantly, reaching 300 thousand ETH. In Nov