BTCUSD vs Bullish Trend Line

BTCUSD added about a 13% since the latest fall and rebound at the 6425.0 level. Today Bitcoin is trading on the Bullish Trend Line , break above this line would be one of the signs of possible reversal from the global downtrend bias. Resistance levels from the upside: 8000.0 and Bearish Trend line , which now almost coincides with the 100-days EMA ; break above these levels would be a strong bullish sign. From the downside: 7000.0, 6650.0 and 6425.0 levels.
Today forecast: Trading in 7250.0 – 7700.0 zone, possible upward impulse.
Latest news:
  • Blockchain Strategist Sees Demand for Multi-Billion Dollar Blocks. Jeremy Gardner, an American cryptocurrency entrepreneur from San Francisco, and the founder of The Blockchain Education Network has found there is multi-billion dollar demand for single Bitcoin blocks in the over-the-counter market. He says “OTC market demand for bitcoin right now is unlike anything I’ve ever witnessed. Several asks for multi-billion dollar blocks…”. The comment received a wide response in social networks.
  • Cryptocurrency Mining Extensions Banned From Chrome Web Store. Google has decided to take action against the recent rise in cases of crypto-jacking. They announced today that they will no longer allow Chrome extensions that mine cryptocurrency.
Overall, today is going under the auspices of positive bitcoin moods, many media have published positive articles about the BTC acceptance and its growth.
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