Analytics / Forex and Crypto News
After several days of consolidation and several attempts to rise above the level of 7500, the BTC/USD pair could not hold above the level of 7000 and fell to the area of $6935.
Bitcoin is declining despite a successful stock market week. The S&P 500 and Dow Jones indices soared as the panic caused by the coronavirus begins to subside.
The opinions of analysts were divided. Some say that this is a temporary rollback before the test of the level of $7500. Others say indicators like Stochastic showed that Bitcoin was overbought. And if the BTC/USD pair cannot be kept near the level of $7000, it will continue to decline.
Some analysts say that the movement of the BTC/USD pair resembles the movement of the pair at the time of the beginning of the bear market in 2018.
Analysts predicted overcoming the mark of $8000 in the near future. Moreover, a more optimistic scenario was allowed, in which the coin was supposed to gain a foothold above $9000.
Support is expected during today's US session if the indices continue to add. Analysts say BTC will continue to grow if the coin is held at $7000. With this option, a jerk of up to $8500 is possible. But when you roll back below the current values, we can expect a return to $5500.
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