Everything happens exactly as expected. After the Bank of China imposed severe restrictions on crypto-currencies and apparently, plans to introduce new ones, Bitcoin simply collapsed. But other central banks are not yet rushing to introduce such drastic measures, although they are moving in this direction. As a matter of fact, the Bank of China, while alone, is at war with crypto-currencies, and as you know, one is not a warrior in the field. This calmed the market and Bitcoin began to recover its losses. If the behavior of central banks remains the same, Bitcoin may soon return to its maximum values.

Technical picture

As previously discussed, the quotation was able to overcome the value of 4000 over yesterday, but the bull potential is not so great that as a fact it resulted in a slowdown above the level with a slight pullback. Probably assume temporary wagging within the boundaries of 3850/4100, where the bulls will try to form a cluster at the upper boundary, with subsequent breakdown and movement to 4350/4420.

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