bitcoin puts us back in front of an important question : Will the gains continue after the announcement of the acquisition of the Stock Exchange poloniex?
The market value of the digital currency market on Tuesday reached 30 billion dollars, supported by the rise of 80 currencies out of 100 currencies against the US dollar. Yesterday, bitcoin rallied up 10% and continued its gains early Wednesday to touch $ 11000.
bitcoin's gains came on Tuesday after Fintech startup announced the acquisition of Poloniex, the world's 14th largest currency exchange, with 24-hour trading volume. The move came from Finch to provide additional support for digital currencies and to improve the services it provides to its customers.
This is the largest acquisition in the history of digital currency exchange, which would give bitcoin and other virtual currencies legitimacy that will enhance investor confidence in the coming period.
Technically, as we noted in our analysis earlier this week, the bitcoin rallied near the $ 12,000 level, but declined after being a negative reflective candle. But as long as the Pitcairn moves above the key support level of 9280 dollars it will remain closer to the rise and break the resistance level 11250 will push the bitcoin about 11800 and then $ 12,000
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