The Bitcoin rate rose above 38 thousand, since the market tries to return lost positions

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Traders actively raise the price of Bitcoin, seeking to return the position lost for Sunday-Monday against the background of investor support.

At the time of publication, the BTC course varies near $ 38.2 thousand with a daily increase of 13.8%. After successfully overcoming resistance at the level of $ 35 thousand. Fast recovery began, demonstrating a serious attitude of bulls. On the hourly chart, the price is above 10-hour and 50-hour moving averages, which indicates a strong bullish trend.

Analysts associate the current increase in the interest of institutional investors to the market, which actively bought Bitcoin during the fall from $ 41 to $ 30 thousand. It did not give the collapse to delay and allowed the VTS to quickly recover from drawdown. At the same time, experts are not confident in long-term growth, because after the latter week of recent weeks, the further behavior of the market is impossible to accurately predict.

Most traders occupied the expectant position and carefully follow the dynamics, because they do not exclude the possibility of a larger kickback right up to $ 23 thousand. This indicates low current trade volumes.

At the same time, representatives of Bakkt Holdings are confident in the long-term growth of the crypton and

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