cryptocurrency investors awoke Monday to the scene of Bitcoin (BTC) rising from a weekend correction to $ 44,000 as the market found its bullish momentum and alternative currencies rebounded from their lows Seesaw.
and data from the Coin Telegraph and Trading View markets show that the price of Bitcoin rose 16.6% from its low of $ 43,504 on February 28 to the level of $ 50,000, which speculators are trying to do. To climb, turn it into support again.
> Earlier in the day, MicroStrategic CEO Michael Saylor tweeted that the company had bought another $ 15 million worth of Bitcoin, raising its total holdings. To 90859 Bitcoin, and it further showed that institutional demand for the higher cryptocurrency continues to grow as companies buy into every decline.
analysis of major Bitcoin price indices also shows that the bulls were eager to buy the $ 43,000 retest that occurred over the weekend.
Not all analysts are optimistic
Bitcoin's rally above $ 49,000 calls for new highs ever in the near future, but according to veteran analyst Peter Brandt, nothing is certain when it comes to The command in the digital currency market.
Goldman Sachs announced today that it will restart the cryptocurrency trading desk and Brandt was quick to tweet on the following chart and indicated that its launch did not work well in the cryptocurrency market in December 2017.
According to David Lifchitz, chief investment officer at Exo Alpha, it is still too early to tell if the decline in Bitcoin is over, but the 44500 level appears to be over. Dollar has provided strong support.
Regarding whether a higher digital currency could push to new highs in March, Lifschitz said he's not sure what exactly might happen because March is a trading month. Bearish relative to Bitcoin.
According to Lifshitz, the US tax season could put downward pressure on the market as investors may need to sell off some of their holdings to pay off the capital gains realized earlier.
/ p>
from a difficult perspective ...
