This past week, alas, ended badly for Bitcoin. The ban on the servicing of cryptocurrency companies in China by financial institutions, as well as the pressure on mining companies, has driven down the cryptocurrency market. As a result, the major cryptocurrency depreciated to $30,000, and many market participants decided that a new “cryptowinter” had arrived. Whether this is really true and whether the market will recover, let’s look at our traditional weekly rate forecast of Bitcoin to the dollar.

Continue reading “BTCUSD exchange rate forecast from May 24 to May 30”

The past week has been rich in events in the cryptocurrency world. The main source of events, already by tradition, was the head of Tesla and SpaceX, Elon Musk. At first, the markets were afraid of the statement that Tesla will not accept bitcoins as payment, because too much energy is used for their production, which is harmful to the environment. Some time later, it was revealed on Twitter that the company had sold all its Bitcoin, and Musk first confirmed it and then denied it. What is waiting for the main cryptocurrency in the coming week? Let’s take a look at our weekly rate forecast of Bitcoin against the dollar.

Continue reading “BTCUSD exchange rate forecast from May 17 to 23”