Bitcoin price rises, but the possibilities indicate that it may have already reached its peak this year

Bitcoin (BTC-Usd) And ethereum (eth-wedPrices rise to Monday, along with the largest list Encryption Companies, where some optimism returns to the market after weeks of heavy sale.

Bitcoin is about $ 8,7400, an increase of 3.2 % since the day before the trade. Ethereum has gained 3.7 % for trading on the $ 2080 sign.

“Bitcoin has been traded at its highest level more than two weeks ago in early trade,” said David Morrison, chief market analyst at Trade Nation. “The wise graph, it looks as if Bitcoin managed to unite and build a little bit to pay up.”

He added: “The daily MACD remains in negative lands, but it indicates that the momentum has a space to the upward trend. It is a similar story with the ether that dates back to $ 2000. But the big test still comes with the important resistance of about $ 2200.”

However, the price of Bitcoin decreased for more than 4 %, while the ether is 17.2 % lower.

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“There is no clear catalyst in an immediate equivalent gathering,” said Marcus Thylin, founder of the 10x Research.

“Bitcoin Etf’s flows last week have been resumed after a decrease of $ 10 billion in open interest in BTC CME futures since FOC meeting in December. With financing rates near zero, ETF flows may only represent long capital that tend to be more stable.”

The emerging crystal islands are also larger encrypted shares. Coinbase (currencyIt appears to open 4.2 % higher later on Monday. It is still less than the fifth value of a month, though.

Bitcoin Stockpiler Microstrategy (Mstr– The strategy is now – it was also 4.9 % trading in the market. The company has performed more than twice the maximum market during the past six months.

The movements come after an unstable market that was sensitive to political maneuver in the United States.

Crossed currencies and encryption contributed a short increase after the election of US President Donald Trump, but the uncertainty has been launched since then about the state of the economy and some of its options related to definitions. Crypto retreated with NASDAQ Technology (^IOCE), Which decreased by 8.9 % on the basis of the month, reflecting the position of the risk.

During the electoral cycle, Trump considered the friend of encryption, and since he took office, he wiped the road to obtain a more soft regulatory position by the Control Authority such as the Securities and Exchange Authority.