The price of Bitcoin looks very promising cryptocurrency gradually forms a double bottom at the support level. Recent news about the postponement of the decision by SEC ETF has not crashed the market. The analysis of the coins held in the Platform.
When Bitcoin starts to grow
At the moment, moving averages are lines do not give accurate representation about a new trend direction. 100 SMA recently crossed the 200 SMA, which indicates strong resistance. If it will play a role, the Bitcoin’s price could fall to $ 6,100, or even below.
Technical indicators point at the weakening bulls to buyers not yet have the strength to start a new rally. However, they immediately appear after the cryptocurrency securely to fixate above 6650 dollars.
Tonight, the Commission on securities and stock exchanges of the USA declared about prolongation of term of consideration of the first cryptocurrency ETF. Financial regulator there are quite a lot of authority, so this issue could be delayed until February of next year.
Approval of the first exchange triptofana will open the way for big capital, and institutional investors will get an excellent tool for investment. If that happens, Bitcoin could start a new global uptrend.
Believe it or not? Waiting for discussion in cryptodata of hontarov.
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