Analytics / Forex and Crypto News
Bitcoin began the trading week with strong growth to the area of $7500, after it fell to the area of $6600 last week. To be precise, Bitcoin began to grow on Sunday and continued to grow on Monday.
At the time of publication, Bitcoin is trading at $7570. The main obstacle to further Bitcoin price growth is the resistance at $7800. If the bulls manage to overcome this level, the price will rush to the area of $8600. In this case, the double bottom pattern is confirmed, which is formed on the daily chart.
As shown in the daily chart, there is a bullish divergence that arose after the breakthrough of the 44-45 RSI level. The Relative Strength Index (RSI) is around 54 now. The last time the RSI was at such a high level when Bitcoin was trading at around $9000. Divergence may mean that momentum is gaining strength.
Bitcoin remains in a downtrend despite recovering to $7600. To change the trend, bulls need to push Bitcoin above 7950 - 8000 dollars. If BTC breaks the resistance level and reaches a level below $6000, then buyers will have an excellent prospect of purchases at $5300.
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