Bitcoin floundering at the 6600.0 bottom.
Bitcoin went into the downward bias after a "Death Cross" signal (Crossover of the EMA lines of Alligator) emerging on the chart at 29.03.2018. The price dipped below the 6650.0 support touched the 6425.0 but found buyers and returned, reaching the 7000.0 level. Movement above the 7250.0 level and Bullish Trend Line would be a positive sign, talking in favor of bottom pattern formation. Fall below the 6650.0 - 6425.0 zone will lead BTCUSD to the lower support at the 6000.0 level.
Today forecast: Lateral movement in the 6600.0 – 7250.0 zone.
Latest News
Thailand announce cryptocurrency taxation model. Thailand’s awaited tax framework for cryptocurrencies has been announced this week by the Thai Finance Minister, local news outlet Nikkei Asian Review reported Friday, March 30. Apisak Tantivorawong reported during a March 27 cabinet meeting that crypto trades will be taxed with a 7 percent value-added tax (VAT), and returns taxed with a 15 percent capital gains tax. The first draft of the digital asset regulations, released March 14, showed that the expected tax ceiling for the digital gains crypto tax in Thailand was 15 percent. The Nikkei Asian Review wrote Friday that the new regulations had been designed to “prevent the expanding [crypto] sector from being used for money laundering, tax evasion, and other criminal activities.”
Today forecast: Lateral movement in the 6600.0 – 7250.0 zone.
Latest News
Thailand announce cryptocurrency taxation model. Thailand’s awaited tax framework for cryptocurrencies has been announced this week by the Thai Finance Minister, local news outlet Nikkei Asian Review reported Friday, March 30. Apisak Tantivorawong reported during a March 27 cabinet meeting that crypto trades will be taxed with a 7 percent value-added tax (VAT), and returns taxed with a 15 percent capital gains tax. The first draft of the digital asset regulations, released March 14, showed that the expected tax ceiling for the digital gains crypto tax in Thailand was 15 percent. The Nikkei Asian Review wrote Friday that the new regulations had been designed to “prevent the expanding [crypto] sector from being used for money laundering, tax evasion, and other criminal activities.”
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