Bitcoin BTC / USD is trying to recover $ 11,000.
Despite the growing popularity of Bitcoin, many still do not know what a digital asset is.
Some people know that Bitcoin is a cryptocurrency. Others know that Bitcoin spawned blockchain technology, but even they are not sure what that means. In this article we will try to answer some of the most common questions about bitcoins, offering an analysis of future price levels.
First, let’s start with our regularly updated analysis and projections of bitcoin prices:
Regular price analysis and Bitcoin forecasts (BTC) On June 26, 2019, the bitcoin price peaked at $ 13,764. A decrease followed. July 2, the price of BTC reached a minimum of 9728 dollars. After an unsuccessful upward movement on July 10, he created a lower maximum before continuing downward. BTC / USD is trading inside the downward wedge.
Analysis of moving averages makes it likely that the price of Bitcoin will continue to decline at the rate predicted by the wedge.
The nearest support area is around $ 9,000.