The experts shared their forecasts for the price of bitcoin this week

© RIA Novosti / Vladimir Astapkovich in photobacteria coin cryptocurrency bitcoin. Archival photoThe experts shared their forecasts for the price of bitcoin this week© RIA Novosti / Vladimir Astapkovich the image Bank

The cost of the most popular cryptocurrency bitcoin (BTC) last week remained in the range of 6.5-6.7 thousands of dollars without showing a lot of volatility. RIA Novosti interviewed experts told, what events have a key influence on the price and what will be the dynamics of trading this week.

According to the website CoinMarketCap, calculate the average price across more than 20 exchanges, according to the trading results of the resurrection of bitcoin has fallen in price on 0,14% — to 6,582 thousand dollars. On largest by volume cryptocurrency exchange Binance bitcoin fell by 0.23% to 6,586 thousand dollars.

According to CoinMarketCap, the market capitalization of crypto-currencies made up 217,126 billion dollars. The share of bitcoin had approximately 52,5% of the total market of crypto-currencies, Ethereum is about 10.6%, and Ripple — 4,11%.

Week of stagnation

According to experts, last week the price of bitcoin was stable, thanks to both positive and negative statements of the representatives of the market.

«The positive news was that Ethereum and Litecoin can join bitcoin on the futures market. Also significant was the news about bitcoin Venezuelan Petro, which is promoted by the administration. Despite the big risk for foreign investors is undoubtedly positive news for cryptomeria,» — said the head of Enigma, co-founder of cryptocurrency Fund ICG Igor Nurtdinov.

Negative signal, in his opinion, may be the statement of the head of the International monetary Fund Christine Lagarde that the world is on the brink of another financial crisis due to the rapid development of financial technologies, in particular digital currency. «It’s a reference including the cryptocurrency,» — he said.

Analyst «Alpari» Vladislav Antonov said that the negative background on the market can be related to the expectations of market participants of the Commission’s decision securities and exchange Commission (SEC) to launch Ethereum-ETF — focused on the cryptocurrency exchange-traded funds.

That price

According to Zagrtdinova, bitcoin may rise in value this week, but after that the price will go lower.

«Immediate upside target is seen at level of 6.79—6.87 thousands of dollars. After, most likely, will turn down. The observed indicators are «bearish» situation» — he shared his prognosis.

Professor, chair of financial management, Plekhanov Russian University of Economics Konstantin Ordov expect a negative scenario. «Market volumes in recent days, a record low, attempts of leaders to dramatically break the level of 6,7 thousand dollars is not even encouraging… While waiting for testing the level of 6 thousand dollars,» he said.

Antonov takes a more cautious stance. He believes that the low volatility and small trading volume of the cryptocurrency can become «a basis for the explosive momentum».

«Traders and investors are now concerned about one question, in what direction is momentum. I stick to strengthen bitcoin against dollar and waiting for this week the growth of quotations above 6,85 thousands of dollars. If buyers will be able to fix above it by 10 October, then I will assume that the «bullish phase» began with the aim of 8.6 thousand dollars», — said the expert.

«If prices fall below 6.4 thousand dollars pressure on bitcoin will increase. According to «Alpari», in this case the growth of the main cryptocurrency world is to forget and to prepare for the fall to 6.25 thousand dollars,» he said.

The experts shared their forecasts for the price of bitcoin this week© Integratiebeleid and bitcoin