Bitcoin Today: below 9000 again!
Price
BTCUSD price couldn’t keep above the 9250 level yesterday. Selloff pushed the price below the 9000 level, which lies along with the 100-days EMA and plays an important psychological role. The fall continues at this point, reaching to the 8800.0 level at the moment of writing. 8800.0 – 9000.0 zone should have a lot of buyers, and if they manage to push the price above the 9000.0 level in nearest term, the recent fall could be reversed fast. Movement below the 8800.0 level could send the price in a more profound correction, but still, everything that will happen above the 8000 level will fit in the correction pattern to the uptrend movement.
Today forecast
Trading in 8600.0 – 9000.0 zone.
Latest news
BTCUSD price couldn’t keep above the 9250 level yesterday. Selloff pushed the price below the 9000 level, which lies along with the 100-days EMA and plays an important psychological role. The fall continues at this point, reaching to the 8800.0 level at the moment of writing. 8800.0 – 9000.0 zone should have a lot of buyers, and if they manage to push the price above the 9000.0 level in nearest term, the recent fall could be reversed fast. Movement below the 8800.0 level could send the price in a more profound correction, but still, everything that will happen above the 8000 level will fit in the correction pattern to the uptrend movement.
Today forecast
Trading in 8600.0 – 9000.0 zone.
Latest news
- Japanese Regulator Pressures Exchanges to Drop Privacy Coins. Japan’s Financial Services Agency, tasked with monitoring the country’s cryptocurrency exchanges, has quietly been pressuring platforms to delist privacy coins. Coincheck has already done so in the wake of the $400 million NEM hack. If fellow exchanges follow suit, it could signal the beginning of the end for privacy coins such as zcash and monero on Japanese and possibly even global exchanges. Japan’s FSA is reportedly urging exchanges to move away from privacy coins, which it associates with money laundering, drug dealing and other nefarious activities. Coins such as monero, zcash, and dash all fall into this category, even though the latter two provide opt-in privacy only, a feature that most users don’t enable. Forbes reports sources close to the FSA as confirming that the regulator is clamping down on anonymous currencies because they are difficult to trace.
The news, while not surprising, is nevertheless concerning. Many of crypto’s most passionate advocates were attracted to the technology in the first place for its ability to provide a measure of anonymity on an increasingly surveilled and privacy-free internet. Without optional anonymity, or at least pseudonymity, cryptocurrencies lose much of their appeal, and individuals lose their right to send payment to their peers without broadcasting their intentions to the world.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.