Investing.com - Bitcoin is approaching the critical $ 7,000 threshold with a recent high of $ 6950, accentuating its rise from previous days. Over the last 7 days, BTC / USD is currently up 8%.
Crypto-currency has indeed managed to break over the resistance at $ 6770 during the night, which has been blocking the rise since last Saturday.
From a technical point of view, it should be noted that a break above $ 7000 would put the Bitcoin face another resistance at $ 7150, before the $ 7300 zone at first.
On the downside, $ 6700- $ 6800 may be considered the first support area near current prices.
No particular information seems to justify this movement, which also concerns the other main crypto-currencies, with Ethereum, which has gained almost 3% since yesterday, while the Ripple is up by more than 4%, as well as EOS .
In recent news, it can be noted that Fundstrat Global Advisors' Tom Lee has estimated that there is a significant positive correlation between emerging markets and Bitcoin, confirming his expectation of a strong increase by the end of the year.!
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