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Analysts believe that this week bitcoin will not stop, it will continue to decline



The price is affected by news from the Republic of Korea.



04.Jun.18 9:47 PM
By Abigail Richards
Photo Toinnov.com

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Analysts believe that this week bitcoin will not stop, it will continue to decline
According to analysts who tirelessly monitor the dynamics of the first cryptocurrency, this week bitcoin will not stop, it will continue to decline. In particular, a specialist from Alpari, Vladislav Antonov, argues that the price of the most popular cryptocurrency, as well as all the others, was affected by news from the Republic of Korea, where the authorities advised the government to remove the ban on the public posting of tokens. Thus, reminds Antonov, the market has passed in a phase of consolidation.

The analyst says that the cost of bitcoin is likely to reach 7.38 thousand dollars, and in these conditions, it will be the best option. However, at the same time, it was said that this week could be considered mildly negative, the changes will be, they will not go anywhere.

Antonov also said that there is a possibility that the rate will hold at 7-7.3 thousand dollars for more than one week, but there is little hope of that. The probability of depreciation is very high.

In turn, many experts do not agree with Antonov's opinion, believing that his forecast is incorrect, because now there is no reason for a substantial depreciation of the first cryptocurrency.

The graph of the dynamics of the change in the exchange rate of Bitcoin (BTC) to the US dollar is available here.



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