According to the CoinMarketCap portal, BTC rose by 1.47% to $ 19,129 on Monday morning. At the same time, on one of the largest cryptocurrency exchanges in terms of trading volume, the main digital coin jumped by 1.41% to $ 19,120 today.
Thus, the negative forecasts for bitcoin were not justified, and it returned to the average indicators of the beginning of last week. During the previous week, BTC tried to correct in every possible way, fell by 10%, and at the close of the session on Friday, it reported the level of $19,170. Such a promising closing of the week can be explained by the support of news from MicroStrategy. This company, which previously purchased bitcoin for $ 500 million, has now issued five-year convertible bonds of $ 650 million (instead of the planned $ 400 million), also to buy BTC.
Analysts predict that by the end of the day, the BTC rate will approach the value of $ 19,500. After all, although many market participants are trying to move up, most of them are seriously wary of possible losses. As a result, realizing the scale of possible risks, investors are not in a hurry to show special determination.
At the same time, experts believe that in general, price consolidation has taken place and, in the absence of negative dynamics in other markets, we will be able to see a new record for bitcoin in the near future. Experts in the cryptocurrency market predict local support at $ 17,600 and resistance at $ 19,200.
To be fair, institutions are now most passionate about the classic market, which is growing steadily on the news about the effectiveness of the COVID-19 vaccine. Nevertheless, experts are extremely skeptical of such boundless optimism, confirming their fears with statistics about the uncontrolled increase in diseases and deaths from coronavirus around the world. Meanwhile, news around COVID-19 continues to rock the markets, including the cryptocurrency market, which is sensitive to any changes in the mood of large investors.