Overview
Yesterday went in a lateral manner, not disturbing the $ 3300 support. The movement breached through the local Bearish Trend Line, still, it did not add anything to upward impulse. To add any positivity to the current price pattern we will need to see a rise above $ 4000. From below stays important the $ 3000 - $ 3300 zone. One more negative thing about such downward patterns is that the longer price will stay in a lateral channel ($ 3300 - $ 3500), the greater the likelihood of further decline.
Today forecast
Trading Bounds: $ 3300 – $ 3500. Breakthrough below $ 3300 will send the price to the $3000.
Latest
Yesterday went in a lateral manner, not disturbing the $ 3300 support. The movement breached through the local Bearish Trend Line, still, it did not add anything to upward impulse. To add any positivity to the current price pattern we will need to see a rise above $ 4000. From below stays important the $ 3000 - $ 3300 zone. One more negative thing about such downward patterns is that the longer price will stay in a lateral channel ($ 3300 - $ 3500), the greater the likelihood of further decline.
Today forecast
Trading Bounds: $ 3300 – $ 3500. Breakthrough below $ 3300 will send the price to the $3000.
Latest
- Media: Coinbase stands behind transactions for hundreds of thousands of bitcoins
Last week, transactions for 199,000 BTC were recorded on the Bitcoin network. An unknown large coin holder made three transfers of 66,000 BTC each and through dozens of addresses placed 8,000 BTC in batches. A number of media outlets also reported that the amount of transferred funds reached 856,000 BTC.
Media connects these frightening movements with the Coinbase statement on November 29, the American cryptocurrency company notified users about the start of planned infrastructure work related to the movement of funds in all supported blockchains.
“Notice of blockchain movements
Over the next seven days, Coinbase will be running scheduled maintenance across our platform that may cause movements on all Coinbase-supported blockchains. These are controlled, closely monitored movements that are being performed in order to provide enhanced security and protection for our customers. Updates will be posted to status.coinbase.com, status.pro.coinbase.com and status.prime.coinbase.com.”
Note that all major transactions were actually made in the period indicated in the message of the company.
Nevertheless, it should not be forgotten that the three addresses from which large sums began to move received transfers from a single address belonging to the JuBTC OTC platform, but its representatives refused to comment on the situation.
