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Crypto TS

Cryptocurrencies

Bitcoin market trades unchanged, support in the 6300 zone confirms its stability

In early Asian trading in the Bitcoin market, a local upward momentum was realized. The market bounced off from support in $6350 area and gained up to $6420 zone. Nevertheless, for last two weeks, quotes have been trading in a narrow range of $ 6300- $ 6450. While the market can not realize a breakthrough above the upper limit of the specified range. For this scenario no suitable conditions and market drivers have been formed. Cryptocurrency capitalization is stable and is at the level of 112 billion dollars.

Trading recommendations - longs in the $ 6330- $ 6390 area

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