The btc price rises to $ 7,350 and an increase of $ 10 billion in market capitalization

After recovering from $ 6,500 to $ 7,000 on April 2, the price of Baitcoin rose 6% today, April 3rd, with the global digital currency market posting daily gains of $ 10 billion.

While many smaller digital currencies, such as Steem and VeChain, outperformed Betquin by achieving 50% and 25% gains in value respectively, major digital currencies - including Betcuen, Atherom, Reebel, Bettecoen Cash, EOS "- generally well over the last few days.

Bitcoin moves
Since March 30, for four consecutive days, the Betquin could not exceed the $ 7,350 barrier, due to low volumes and lack of demand for most major digital currencies. Over the past 12 hours, buying volumes have risen on the "Bitfinex", "Binance" and other platforms.

On March 25, the price of the Betcairn was $ 9,000, with relatively strong volumes on both the futures market and the digital trading platforms. However, the Pitcuin has since continued to decline. Betquin tested several levels, including $ 8,800 and $ 8,000, but failed to sustain momentum and dropped to $ 6,400.

Over the next few days, if the Petcquin maintains its volume and exceeds the $ 7,500 margin, it is likely to move back to the $ 8,000 area, moving it to the level it was 5 days ago. Entering the $ 8,000 area can lead the Pitcairn to prepare itself for a strong rise.

Currently, RSI's RSI stands at 39.2, which is considered a neutral level. Prior to that, the RSI indicator was set at 30, indicating oversold conditions. At the time of this article, Betquin was trading in a neutral range, and the digital currency did not show demand or sell in huge quantities. Thus, the next few days could be a very short term period for the Pitcullen, especially since it has risen more than $ 700 in the past 48 hours and has started to gain some momentum, according to the divergence and convergence of the average MACD.

John Mattons, a well-known investor and co-founder of the Pitcairn Foundation, said that, as the CEO of VISA, the entry of financial institutions - such as Goldman Sachs - will lead to a high demand for Betcquin over the medium term. If the dominant currency is able to recover from its current bearish session, analysts like Matons expect bullish moves for Petcone later in the year. In this regard, Mattons said:

"I think it's wonderful that they enter it, because it brings new liquidity. They will develop the futures market and options markets, so I think you will start to see interest rate markets damaged by the Pitcairn. We used to hear things about Libor, while the Bitquin rate index is "Bibor"