The expert assessed the dynamics of bitcoin during a period of low market activity

Against the background of the closure of some exchanges, the cryptocurrency is trading at about $ 67 thousand, gradually recovering from the recent decline. At the same time, the market remains inside the formed channel with a range of $60-76 thousand, and the nearest key support is at $ 65 thousand. Alexander Baryshnikov, the manager of the Mining fund at Record Capital Management Company, told Izvestia on April 3.

"The local growth scenario is realized with a breakdown of $69,300, and with an increase in the level of $72,000, selling pressure will noticeably weaken. It is $72,000 that is the level after which we can talk about a change of mood," the expert said, noting that a decline below $65,000 would pave the way for a drop to $60,000.

Cryptoshock: what is behind the collapse of Bitcoin and the crisis of trust

The fall in the value of the first cryptocurrency caused panic in the market

Baryshnikov told Izvestia on March 2 that Iran's attacks on American bases in the Middle East had increased uncertainty and put pressure on risky assets. Stock index futures lost more than 1%, and investors began actively redistributing funds into defensive instruments, including gold and oil. Bitcoin ended the week down just 2.76%.

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