Experts have predicted the exchange rate of bitcoin for a week

© RIA Novosti / Vladimir Astapkovich in fotobasketball bitcoin. Archival photoExperts have predicted the exchange rate of bitcoin for a week© RIA Novosti / Vladimir Astapkovich the image Bank

The cost of the most popular cryptocurrency bitcoin (BTC) for the upcoming week will be reduced in the correction after reaching the psychological mark of 8 thousand dollars, consider interviewed by RIA Novosti experts.

According to the website CoinMarketCap, calculate the average price across more than 20 exchanges, at the end of trading Sunday, the bitcoin price increased by 0.31% to 8,203 thousand dollars. On largest by volume cryptocurrency exchange Binance bitcoin increased in price by 0.43% to 8,209 thousand dollars.

In the course of trading last week, the price of cryptocurrency for the first time since may 23, broke the mark of 8 thousand dollars.

The decision of the SEC

One of the main events last week was the decision of the Commission on securities and exchange (SEC) USA for the launch tied to a bitcoin exchange-traded Fund, Winklevoss Bitcoin Trust.

«The regulator stressed that the decision can not be considered a rating of the cryptocurrency and the blockchain in General. The SEC does not exclude the possibility of approval of such product in the future,» reminded the analyst of «Alpari» Vladislav Antonov.

«The refusal of the SEC reminded observers that bitcoin is not a completely independent financial unit. Moreover, it is actively trying to adjust and should not expect that these attempts will stop in the near future», — said PR-Director of Blockchain Capital Tugush Timothy Fortunatov.

A period of consolidation

Experts believe that this week bitcoin will be adjusted in price down after a strong growth to a peak in may a week earlier.

Professor, chair of financial management, Plekhanov Russian University of Economics Konstantin Ordov believes that a few days of consolidation until «it is clearly in the hands of the optimists of the stock market».

«Next week the market is likely to be consolidation in the range of 7.9-8.4 thousand dollars. If positive news can be seen and 8.8 thousand dollars, as the level of support for 7,9 thousand dollars has already been tested,» he says.

Antonov expects that the phase of lowering the price of the cryptocurrency to begin August 1 and last until August 23.

«Depending on the pricing model of the terms can be moved… If the rate of bitcoin will fall below 8 thousand dollars, some go up to 8.48 thousands of dollars can be forgotten in a month. During the correction I expect the drop rate to 6.8 thousand dollars,» he said.

Fortunatov, in turn, noted that the interest of buyers to bitcoins will gradually decline. «If the price of bitcoin will rise above $ 8 thousand dollars this week, you will not be able to stay there for a long time in the absence of any positive news,» he said.

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