This week, the cost of Bitcoin rose above 40 thousand dollars, but she could not be entrenched at this level. The last three days the cost of the main cryptocurrency decreases. It is reported by RBC.
Currently, the market has a balance of demand and suggestions, no one is in a hurry to sell, which supports Bitcoin, explained the financial analyst Cryptobiri Currency.com Mikhail Karhalev. He noted that the situation where the forces of sellers and buyers are in equilibrium, are called an efficient market. “The price can still take a walk for some time in the range from 32 thousand to 40 thousand dollars, which cannot be called neither growth, nor a fall,” the analyst predicted.
According to Karhealev, to determine the further trend, the markets are not enough any positive or negative information. He believes that the market is waiting for the actions of major participants who will either be aggressively purchased by Bitcoin, or get rid of it.
In May, the founder and chapter Tesla Ilon Mask collapsed the cost of Bitcoin, stating that the company plans to keep, and not selling bitcoins already available and intends to use them for transactions as soon as the mining proceeds to a more sustainable energy. Another entrepreneur said that the company suspends the sale of electric vehicles for bitcoins due to the non-elastic method of obtaining this cryptocurrency. Wall Street analysts warned that the last steps of the mask are confused by cryptoinistors and cause additional volatility of TESLA shares.