Last weekend, the value of the first cryptocurrency (Bitcoin) dropped to $ 45.5 thousand, after which the asset rose in price again. Technical analysis of the price chart indicates that Bitcoin may reach the next major milestone.
Bitcoin started a new wave of growth from the support zone of $ 45.5 thousand and is now likely to rise above $ 48 thousand, according to NewsBTC analyst Ayash Jindal.
As of August 16, the first cryptocurrency (Bitcoin) is trading at $ 47.4 thousand, over the past day it has risen in price by 4%.
Jindal warned that the asset could face resistance at levels of $ 48 thousand and $ 48.15 thousand. In the event that bitcoin overcomes this zone, its quotes will reach $ 50 thousand, the analyst said.
At the same time, the support is $ 47 thousand, according to the expert. He noted that if the bitcoin rate falls below $ 46.5 thousand and $ 46.25 thousand, the price may fall to $ 45.5 thousand, and then to $ 44.5 thousand.
The bitcoin rate is growing amid news that the largest retail chain Walmart has published a vacancy for the head of cryptocurrency products.
The specialist will develop a development strategy in the field of digital currencies, as well as deal with partnerships related to cryptocurrency .
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