The Bitcoin price is beyond the $ 7000 see why

The cost of the Bitcoin has passed the $ 7,000 limit since it has been in the range of 6500 to 6800 dollars in recent weeks. The growth for the last 24 hours is currently 2.11%, to 7054 dollars.

The rise comes after last week it became clear that the US Securities and Exchange Commission (SEC) has announced that it plans to reconsider its decision to refuse the creation of ETFs based on the most popular crypto.

The other fact that has helped growth in recent days is the new data on shortages, or, in other words, those waiting for the decline of the Bitcoin.

In just a week, short contracts are down by 210, to 3426, while long contracts increase by 56 to 2160, writes Forbes.

According to technical analysis by Sebastian Sinclair of Coindesk, there is currently a bullish trend, with the first and more serious area to be overcome will be $ 7400.

A serious resistance level will be observed at $ 7800, which is the 200-day moving average price.

A fall below $ 6550 in the coming weeks will mean an end to the whistle for the crypto.

Yesterday was negative for the Bitcoin, said Jordan Belfort, who we know from the movie Wall Street Wolf, where his role was played by Leonardo DiCaprio. According to him, the Bitcoin is a scam that will fall to 1 year and many people will lose their money, Belford told CNBC.

The other negative investors are Ray Dalio, Warren Buffett, Bill Gates, and former PayPal Chief Executive Officer called the Battle of the "Biggest Trick in History."

An optimistic forecast a few days ago for the cost of the Bitcoin was given by Tom Lee, who is managing partner at Fundstrat Global Advisors. According to him, by the end of 2018, we will witness a new record value of $ 25,000.

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