Forex and Crypto News

Bitcoin is trying to stay above 7000

13:14 26 December /2019

After a small growth at the beginning of the week, Bitcoin began to descend again. Now Bitcoin is trying to maintain positions above $7000.

On the Bitstamp platform, the BTC rate dropped to $7205. The market capitalization of the first cryptocurrency fell to $131.573 billion.

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The price chart of Bitcoin shows that it rose to $7692 on December 23. On Monday, some traders even announced the growth of the BTC price up to $8000, while the so-called Bitcoin optimists announced the "Christmas rally", which will result in overcoming the $9000 mark.

However, on Tuesday, the rollback resumed, and Bitcoin lost most of its previously won positions in about a day. Bitcoin needs the support of investors to hold ​​above $7000.

If BTC does not receive such support in the coming hours, then most likely we will see descending below this psychological mark of $7000.

Although most observers agree that BTC will hold above $7000, and in case of overcoming resistance at $7300 it will be able to rise again.

 

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