What are the prospects for Bitcoin

The average market rate Bitcoin updated the annual maximum. The first cryptocurrency costs $13440 now. The increase was 18.23% over the past day. During the month, the Bitcoin went up by 62%, from December 2018 – almost 300%.

Most cryptocurrencies supported the Bitcoin morning jerk. It’s worth noting that the share of the coin in the crypto market reached a record 62%. Over the past 24 hours, the cost of Ethereum increased by 12.83%, to $350. At the same time, XRP went up by 4.8%, to $0.49. EOS, Tron, and Stellar are in the green zone, rising by about 1.5%. Monero cost decreased by 1.7% within this time.

CoinDesk analyst, Sebastian Sinclair, predicted that the Bitcoin rate could reach $13700 in the coming days. The specialist warned that the asset is now subject to strong volatility. Therefore, it’s difficult to predict where its price will go further.  Sinclair called a high trading volume among positive factors. It may indicate that the value of the asset will continue to grow in the coming days

The analyst claims that the further direction of movement of the Bitcoin cost will be determined after it either drops to the support level of $11500 or reaches the resistance at $13700. Sebastian Sinclair added that the overall market trend remains bullish as long as the Bitcoin rate is higher $11000.

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