Bitcoin Daily: Lateral
Bitcoin tumbled approximately 7 percent on Monday, breaking below the 8000.0 support level. Now BTCUSD trading slightly below the 8000.0 level in the lateral pattern. The fact that the coin did not go lower, to the 7250.0 support, moving in lateral movement and gaining volumes talks in favor of the reversal and comeback above the 8000.0 level.
Today forecast: Lateral movement in the 7250.0 – 8000.0 zone.
Latest news theses:
Today forecast: Lateral movement in the 7250.0 – 8000.0 zone.
Latest news theses:
- Twitter’s announcement that it would institute a ban on crypto ads. The ban is scheduled to take effect on Tuesday (March 27), Bloomberg reported. “Advertisement of initial coin offerings (ICOs) and token sales will be prohibited globally,” a Twitter spokesperson told Bloomberg in an e-mail.
- Litecoin falls after news about LitePay shut down. Litecoin loses nearly 10 percent after news about LitePay shut down. The situation prompted Litecoin creator Charlie Lee to tweet apologies on LitePay. “Like everyone else, we got too excited about something that was too good to be true, and we optimistically overlooked many of the warning signs”.
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