Analytics expect a Bitcoin price decrease this week
According to the portal CoinMarketCap, Sunday trading showed an increase in bitcoin to $8,203. BTC overcame this mark for the first time since May 23. Experts suggest that starting from Monday it will go down.
According to the comment of Konstantin Ordov (professor of the Department of financial management of Plekhanov Economical Institute), Bitcoin market expects unification in the range of $7900–8400 next week. At the same time, the expert does not exclude its growth to the level of $8800.
Vladislav Antonov (analyst of stockbroker company Alpari) agrees with the high probability of bitcoin falling and predicts its decline until August 23. Specialist call the foreign policy situation and the changeable interest of buyers the main reasons of the decline.
In this market situation, it will not be superfluous to protect yourself. For example, to use the world’s first autonomous blockchain platform Trezor mini for the safe storage of crypto currencies. The device is able to store the user’s private keys and detailed information about all operations. No action is possible without the physical presence of a cold wallet..