Bitcoin (BTC): optimism in the market and the effect of breaking into Bithumb

The leader криптовалют bitcoin still keeps on a mark above $ 6 700 and till now remains in a green zone, despite yesterday's news about breaking Bithumb. June 20, the crypto market lost more than $ 10 billion - leading digital assets fell by about 2%, other altcoins sank more significantly. After the news of the hacker attack, South Korean investors initiated a sellout of coins for fear that the incident would provoke a short-term downtrend.

However, already today the crypto-market has restored $ 8 billion of capitalization, and BTC is again above $ 6,700, adding a little less than 2.5% per day. In contrast to the bad news, the headlines showed that one of the largest US banks Goldman Sachs plans to launch a number of crypto-derivatives. This news has supported investors' optimism, as the supply of new products can bring institutional investors closer to the developing digital market.

In addition, the Bithumb Exchange itself stated that it will reimburse losses equivalent to $ 31.5 million, and will continue to keep users' money on a cold wallet.

Even in the light of the negative news, bitcoin avoided diving below $ 6,500, which would lead to a subsequent drop to $ 6,200, $ 6,000 and below. Technical indicators MACD, RSI, simple and exponential moving averages indicate a short-term bullish pulse. However, there are insignificant trading volumes on the market. Therefore, it can not be said that the bears finally lost control of the BTC.

The most rational position now is to monitor volumes and indicators.

The resistance is located at $ 6 800. In case of overcoming the indicated bar and reaching a key mark of $ 7 000, the BTC can demonstrate a medium-term rally. But until the volume of BTC does not rise, the probability of breakdown of this mark is not high. At the same time, there are currently no grounds for a large sale below the $ 6 800 mark, and therefore the prerequisites for a fall below $ 6,000.

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