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Analysts predict the growth of Bitcoin prices

FXcoins - Analysts predict the growth of Bitcoin prices

The fall in the exchange rate of Bitcoin to below $ 8 800 USD plunged many investors into shock, however, experts suggest that the achievement of a historical maximum waiting Bitcoin in the near future. Despite Friday's losses, this Monday, 11 November 2019, the price of Bitcoin began to rise. At 09:05 Moscow time the price of BTC is trading at 8925,19 USD, showing a growth of +0,59%.


At the same time, positive movements are observed in the Broadcast, this Monday the price has risen by +0.87 percent, reaching USD 189,05. The price of Ripple has decreased on 0,66%, reaching USD 0,278.


If for some the fall of Bitcoin was a lot of stress, then Bakkt the number of monthly futures renewed its historical maximum at around 1741, after which the total capital amounted to 15 million USD.


But not all news is so good. Friday 08.11.2019 exchange BitMEX has suffered severe damage, after which participants liquidated their positions on 109,1 million USD.


Summing up before the new working week, a team of analysts at FxPro commented on the situation thus: “Bitcoin begins the week near $8800, these levels are below the 50-day mA, where the first cryptocurrency failed on Friday. Stay below this level makes us cautious to look at near-term prospects of bitcoin. Note that the previous week the course has not managed to develop growth momentum, climbing above this level that may be evidence of the prevalence of bears. The bitcoin decline last Friday, took advantage of his enemies who had lashed out at the casino. On 8 November the price of bitcoin at high volumes again fell below $9000. According to the data Skew, on Friday on the stock exchange BitMEX was eliminated positions 109,1 million dollars. Against this background, the number traded on Bakkt monthly futures has updated the historical maximum at the level of 1741. The CEO of the payment system TransferWisе David Hinrikus made a loud statement that we can talk about the death of bitcoin: it is not popular and nobody's using it”.

11 November 2019

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