Price
BTCUSD spent last day in a narrow diapason trading between Bullish Trend Line and 9000.0 resistance, which coincides with the 100-days EMA. 9000.0 is a strong resistance level, a solid breakthrough above this level could give the price bullish impulse to reach the next crucial resistance level 10000.0. BTCUSD will probably spend this day in a narrow range, but the ranges are closing, and BTC will have to make a decision soon. 8800.0 support level should stay strong to confirm bullish scenario of the price. Break below the 8500.0 level will send the price into a lateral correction. Due to rising volume intraday distributions (red lines on the chart) traders are willing to buy above the 8800.0 support, that is also a bullish sign.
Today forecast
Trading in 8800.0 – 9000.0 zone; High probability of the 9000.0 breakthrough.
Latest news
BTCUSD spent last day in a narrow diapason trading between Bullish Trend Line and 9000.0 resistance, which coincides with the 100-days EMA. 9000.0 is a strong resistance level, a solid breakthrough above this level could give the price bullish impulse to reach the next crucial resistance level 10000.0. BTCUSD will probably spend this day in a narrow range, but the ranges are closing, and BTC will have to make a decision soon. 8800.0 support level should stay strong to confirm bullish scenario of the price. Break below the 8500.0 level will send the price into a lateral correction. Due to rising volume intraday distributions (red lines on the chart) traders are willing to buy above the 8800.0 support, that is also a bullish sign.
Today forecast
Trading in 8800.0 – 9000.0 zone; High probability of the 9000.0 breakthrough.
Latest news
- Bitcoin Cash has risen 80% over the last week. Bitcoin Cash is moving towards a hard-fork on May 15th. The planned fork that will increase the maximum block size from 8 MB to 32 MB and will also remove the SegWit protocol. However, those looking to get a new coin or "dividend" out of this fork may be disappointed. If all goes smoothly, the new coin that is created from the fork will completely replace the old coin. Though there may be some who try to keep the old BCH alive, they will very likely be the minority
- Cryptocurrency firm Coinbase suspends Wikileaks' bitcoin account. Wikileaks has claimed that Coinbase has suspended it from using the cryptocurrency firm's payments service.
Coinbase offers a feature that lets online shops accept cryptocurrencies as payments. Wikileaks, which is famous for publishing confidential documents, sells items from t-shirts to posters. It allows people to pay in bitcoin.
Wikileaks posted a tweet over the weekend showing a message it had received from Coinbase. The cryptocurrency firm said that Wikileaks was "in violation" of its terms of service, but did not specify why.
- Iran Bans Trading Bitcoin. The decision was made by CBI's supreme committee in charge of fighting money-laundering.
The digital currencies were traded through internet platforms (tools) before CBI's decision.
Digital currencies have the option to be used for money-laundering, supporting terrorism, and exchange of sums between wrongdoers, the CBI circulation said.
Bitcoin does not abide by any governing rules and regulations in any country and no government or bank round the globe monitors or supervises it.
