The new DEFI platform enters the market! Earn passively - token sale 0.25 $ I'm going in!

Bitcoin (BTC) price reaches 6 700 USD. What’s next?

3 min reading

During yesterday’s Bitcoin (BTC) session, the cryptocurrency itself was sliding down, eventually falling to 6 200 USD level. At the end of the session, BTC price rapidly increased and reached 6 600 USD. Today was the day of testing weekly highs above 6 700 USD by Bitcoin. The cryptocurrency began the test, and then got slightly corrected.

bitcoin notes slight increases

Bitcoin price increases by 5% in 24 hours 

According to the data from CoinMarketCap, yesterday’s BTC session was opened on 6437 USD and closed on 6607 USD. It means an increase by 107 USD, so about 2.6%.

On a daily basis, Bitcoin gained more than 5.1%. In the perspective of one week, price of the leading cryptocurrency remains unchanged - the difference is only 0.1%.

Currently, BTC price is 6 670 USD.

current btc price

Bitcoin price - analyst opinions and speculations

Currently, the biggest obstacle for further BTC price increases is the resistance zone of 6 700 - 6 800 USD. According to some of the analytics, reaching price level above 7 000 USD is not going to happen. They see greater chances in re-descending around the local holes of 5 800 USD. However, there are still many optimists on cryptocurrency market.

According to analyst, Michael van de Poppe, breaking the 6 800 - 7 000 USD zone would be a bullish sign. In this case scenario, there is a high probability for a rally towards 7 800 - 8 000 USD, says the analytics. Although Van de Poppe assumes the possibility of a slump in prices, but in the long term (next 4-6 years), he has a extremely bullish expectations when it comes to Bitcoin price.

Another analyst, Josh Rager, says that despite a 7% price pump during 4-hour candlestick, Bitcoin has to stay above the resistance of 6 600 USD to avoid another collapse. Moreover, he says, that after breaking this level, he expects BTC to reach above 7 000 USD.

Another April Fool’s joke?

It is worth mentioning, that on the 1st of April 2019, Bitcoin’s price has increased by 20% during one day, and reached price level of 5 000 USD. It was a first break after 4 months fluctuations. By that time, Bitcoin started a bullish ride, and reached 14 000 USD in June 2019.

Although latest increases are nothing to be compared with last year’s increases, it might be good sign what we can expect in the 2nd quarter of year. Bitcoin halving is coming. This good start of the second quarter is certainly comforting for the bulls, but they still did not manage to come out of bear forests.

Currency Exchange rate Buy cryptocurrency

Buy crypto now

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Lushup Holdings FZ LEE. Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is Lushup Holdings FZ LEE, Fujairah - Creative Tower, P.O.Box 4422 Fujairah, United Arabs Emirates.

The full document to read the ommyo privacy policy is available in this document.

Advanced settings can be changed in your browser.