Bitcoin remains in the correction stage

During the Asian trades, the price of the most popular crypto currency in the world increased by more than $ 600.00, but then again went down to decline. The decrease in prices of crypto-currencies is observed across the entire spectrum of the market, as investors continue to record profits after almost two-week growth. In turn, the market remains optimistic on the background of softening by regulators of their attitude to crypto-currencies. The Monetary Authority of Singapore announced that the crypto currency is the technology of the future. The Swiss financial department recently published a guide to ICO, according to which tokens are treated as securities.

Technical analysis: The price of bitcoin today is fixed below $ 10 250.00, which corresponds to the level of 23.6 Fibonacci on H1. The main support levels are $ 9,400.00, $ 9,000.00. The main resistance levels are $ 10 700.00, $ 11 000.00.

The main recommendations: At the moment, given the fact of easing fears of tightening trade in crypto currency, the preferred purchase will be from $ 9,400.00, $ 9,000.00, with a potential growth of $ 10,250.00- $ 11,000.00.

Fig. BTC/USD. The current price is $ 9,777,820.

Alexander Sivtsov