Since the start of this year, Bitcoin is approaching $4000 level, the largest cryptocurrency gets a delayed boost after the last week announcement that JPMorgan has developed a prototype digital coin which it plans to use to boost payments between the corporate customers.
Senior market analyst Mati Greenspan said at eToro in Tel Aviv
What some people have pointed to is that because they’re using distributed ledger technology and they’re calling it a cryptocurrency, that could have a positive effect on the industry
The Ethereum rose up by 17% and was up 3.6% to around $146 in NewYork at 10:30 A.M.
The Bitcoin jumped up by 3.1% on Tuesday to $3970. The analyst suggests that Bitcoin has more room to run than any other with the digital token in a solid buy trend, since the mid of December.
Furthermore, the VERA Convergence Divergence indicator turned positive today after almost two months. This indicates that this rally might take Bitcoin to the heavily resisted $4000 level.
Last time, when Bitcoin triggered a buy signal it gained a boost of $1110 in next 10 days only.
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