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Bitcoin prices are pushed to new highs



Analysts are more confident than ever that Bitcoin will remain above $ 5,000 today, as prices continue to rise to new highs of $ 5,050.



12.Oct.17 10:32 AM
By Daria Zaytseva
Photo INNOV.RU

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Bitcoin prices are pushed to new highs
Technical data from several sources indicate that there is no slowdown in loading Bitcoin’s to restore the historic price level, increasing by $ 600 from Monday.

Now, forecasts of resistance range from $5200 to $7000 should the largest digital currency hold above the barrier.

For the first time, Bitcoin passed $ 5,000 on September 2, before falling sharply as markets reacted to subsequent regulatory moves in China.

The volatility period, when prices fell below $ 2000, soon changed completely, Bitcoin became quickly more resistant to further hostile reactions from the authorities.

However, this week’s Russia's decision to block access to the exchange of cryptocurrency, for example, had little effect on Bitcoin's ascending trajectory.

While BTC is no stranger to correction, current short-term forecasts of well-known investors are flowing. On Wednesday, Mike Novogratz told CNBC that he "would not find this unexpected" if one bitcoin costs $10,000 by April 2018.

At press time, the BTC was trading around $ 5,050 per coin in accordance with Bitcointicker’s tracking of Bitstamp rates.

Meanwhile, in altcoin markets activity was flat, as investors seem to have turned to Bitcoin.



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