“Critical Levels for Bitcoin $6,500 and $6,800”

Cryptocurrency market volume also followed the general trend of 2018 at the end of last week and experienced a strong loss in value.

The lack of volume in the market and the 75 percent decline in the number of searches for Bitcoin on Google attracted crypto enthusiasts to Bitcoin.

However, this is not a sign to worry CNCB analyst Brian Kelly as he believes Bitcoin is still more popular than superstar Beyonce.

Graphs reveal that with the price boom in December, the search volume of Bitcoin reached its peak and there was a loss in search volume with the decline in prices.

However, Brian Kelly emphasizes that BTC is still in a much more popular position than Beyonce, who completed her show at the Coachella music festival. announced his resistance levels in the program he participated in CNBC.

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Brian Kelly explained that the $6500 level is a critical support point for Bitcoin, and stated that Bitcoin mining activities and its cost will not allow this level to be seen too much gold.. Because Kelly’s calculations show that the average mining cost to create a Bitcoin reaches $ 6000.

Kelly also emphasizes that $ 6800 is the new resistance level for Bitcon.. According to him, exceeding this point may trigger a new price increase and bring opportunities for trade above this level. have lived. While the market volume is around 283 billion dollars, the effect of Bitcoin in the market volume is close to 40 percent.