Bitcoin has made yet another breakthrough on the weekend. On Sunday BTCUSD rose above the $9000 and then updating the 13-month highs at $9324.
Over the last week, the growth of the benchmark cryptocurrency exceeded 20%. BTC’s trading volume in recent days exceeded $23B. The Index of Bitcoin’s dominance has reached 57.4%. Prior to that, this index decreased from above 60% to 55% levels in June, reflecting the growth of interest to altcoins.
Judging by the tendency of Bitcoin to jump from one round level to another, the next goal and barrier can be an area near $10,000.
On the other hand, despite the increased trading volumes since April, in June the sale of Bitcoin (at the levels above $8600) was held at higher volumes than subsequent buying. This is a sign that potential buyers may need to carefully choose the moment when to enter the market.
The FxPro Analyst Team
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
This website uses cookies