Bitcoin is stable

Bitcoin remains stable, but its volume increases by 20%

Over the past 24 hours, the cryptocurrency market has shown the same trend as in the last 12 days, with a Bitcoin price of $ 6,400.

Bitcoin increased by almost 20 percent from 3.1 billion dollars. US up to $ 3.5 billion. US, hinting at the growth of trading activity in the market for the exchange of cryptocurrencies on the main trading platforms of digital assets.

A sharp rise in bitcoin, which has been stagnant since mid-October, could lead to a potential upward positive move in the coming days.

Is it time I get bitcoin up?

Various technical indicators of BTC indicate that the dominant cryptocurrency creates an impetus for the breakthrough of several minor steps in the region with a high level of $ 6000.

Traders and technical analysts have said that if BTC can easily overcome the $ 6,400 mark, then the asset may experience a break above the $ 6,500 mark.

The volume of BTC increased after the close of daily trading with the smallest registered volume in the last 10 months. Over the weekend, the cryptocurrency currency market typically falls, along with over-the-counter (OTC) markets, which are said to handle three times the daily trading volume of large cryptocurrency exchanges.

Consequently, the growth of BTK on Saturday is a positive indicator of the short-term trend of the asset. If the BTC spurt above $ 6,400 can be sustained throughout Sunday and continue next week, positive sentiment around the market is likely to increase cryptocurrency on market capitalization.

During the past week, small tokens in the side market fixed a decent profit against Bitcoin in the range from 5 to 10 percent. However, basic crypto-allocation, such as Bitcoin, Ethereum, Ripple and Bitcoin Cash, failed to show signs of recovery.

Everything is conditional …

While trading activity in the foreign exchange market, cryptocurrency has increased over the past two days, most traders are still waiting to enter the market to demonstrate significant movement.

The potential increase in the price of bitcoin to $ 6,600 to $ 6,600 depends on the ability of the market to maintain a decent volume and dynamics in the coming days.

Site source: https://www.ccn.com

Article translated and published: Leonid Shchekutev, analyst at Freedman Club Crypto News