Bitcoin Сouldn’t Hold Above $ 7000. Traders Are Waiting For A New Rise

Kataryna Kovtun April 13, 2020

Bitcoin on the night of April 13 at some cryptocurrency exchanges exceeded $ 7100, but on Monday morning the coin began to weaken again.

At the time of publication of this review, BTC dropped to $ 6,700 on the BitXmi exchange. Despite the rollback of Bitcoin, many traders remain optimistic. They believe that we are at the stage of completing the cryptocurrency consolidation.

BitXmi analysts are confident that the decrease in the cost of BTC will be short-term. They attribute the rollback to the lack of activity in the CME Bitcoin futures market due to the weekend. Also, the price of bitcoin continues to correlate with gold, and this is a good signal for the cryptocurrency industry.

According to the analysts of the BitXmi cryptocurrency exchange, if the coin returns to values from $ 7050 to $ 7100 in the coming days, a surge in closing deals is expected. This may push cryptocurrency to a weekly high in the region of $ 7400 or even above this level.

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