Bitcoin price touched $ 12,000

At 10:25 Moscow time, the first cryptocurrency is trading at $12,007.15, according to CoinMarketCap.

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TradingView BTC / USD chart from TradingView

Ether rose in price to $ 396.12 (+ 0.3%). XRP rose 0.33% to hit $ 0.295.

The FxPro analyst team notes:

"Bitcoin touched $ 12,000 on Monday morning,after which he faced resistance. Over the past day, BTC has grown by more than 2%. For most of last week, the benchmark cryptocurrency consolidated at $ 11,500. Continued gains seem likely, although technical indicators point to persistence in the oversold area.

 

So, the index of greed and fear from last weekremains in the area of ​​"extreme greed". The RSI is balancing near the overbought area, however, as we can see, this does not prevent Bitcoin from demonstrating attempts to cautiously return to testing the next important psychological and technical level.

 

Miners' activity keeps the hash ratenear all-time highs, confirming confidence in the prospects for the first cryptocurrency. In addition, the third bitcoin halving that happened in May is also a fundamental support factor. Although the participants in the crypto market did not expect an instant result, they still expect a positive effect within a few quarters. "

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