Despite the slight price reduction
After a small ascending impulse, on Friday, Bitcoin’s course resumed a downward movement and at the time of publication traded at $ 11470, losing 3% of its cost per day. The signal to enhance sales was the movement of the price chart to the zone below 10- and 50-day moving averages. However, due to the low volumes of trade, the decline occurs rather smoothly.
Part of traders believes that the current decline in investor interest in cryptocurrency is due to the distraction of their attention to projects in the field of decentralized finances, around which the excitement is now observed. It loosens the pulse and slows down the growth, which occurs mainly at the expense of those who buy bitcoins to preserve the cost of capital.
Despite the current decline in market activity, investors expect a further increase in the course and the achievement of the level of $ 15,000 in the fourth quarter of 2020.
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