Bitcoin price is correcting from its upward rally, giving buyers an opportunity to hop within the uptrend at lower levels.
The virtual currency is ready to draw in investors who are moving cash far from fiat currencies and equities.
Central bank events in the week may lead to sharp moves among major currencies thus it’s perceivable why traders are seeking different investments.
Additionally, the risk-off flows stemming from the coming EU vote also are supporting bitcoin and alternative altcoins at the instant, a development that would persevere till the particular Brexit vote on 23 June.
Keep in mind that brokers are introducing extra margin restrictions before the vote thus another bitcoin price rally may be doable before the tip of in the week .