Bitcoin Today: above 9000, this time for a long time?
Price
Bitcoin has returned above the 9000.0 level, which proves that 8800.0 – 9000.0 zone has a high buying support for the price. Relatively low volumes during the rise from the 8800.0 level show that there are not many traders, who want to fix profit on these levels, which also is a bullish sign for the market. Possibly the next selling pressure will appear only near to the psychologically important 10000.0 level. So, a breakthrough of the 9250.0 level could be a sign of the further rise to the 10000.0. Recently formed Bullish Trend Line and 8800.0 – 9000.0 zone should act as a support.
Today forecast
Possible upward impulse to the 9500.0 – 10000.0 zone.
Latest news
Bitcoin has returned above the 9000.0 level, which proves that 8800.0 – 9000.0 zone has a high buying support for the price. Relatively low volumes during the rise from the 8800.0 level show that there are not many traders, who want to fix profit on these levels, which also is a bullish sign for the market. Possibly the next selling pressure will appear only near to the psychologically important 10000.0 level. So, a breakthrough of the 9250.0 level could be a sign of the further rise to the 10000.0. Recently formed Bullish Trend Line and 8800.0 – 9000.0 zone should act as a support.
Today forecast
Possible upward impulse to the 9500.0 – 10000.0 zone.
Latest news
- MasterCard Files Patent for Faster Blockchain Node Verification. Furthering its interest in blockchain-based technology, MasterCard has filed a patent for a system designated to increase the speed with which blockchain nodes are being verified. Earlier in April, MasterCard Labs, the company’s innovation section, said that they’re looking to hire 175 more staff members, including blockchain experts.
The company has now filed another blockchain-related patent, dated April 26th, for a system that would supposedly take care of a rather pressing issue. As a matter of fact, MasterCard’s executive was pretty clear that the company would gladly look at cryptocurrencies in a ‘favorable way,’ as long as the latter is backed by a regulator and its value is not anonymous, essentially denying all interest in Bitcoin and other cryptocurrencies of the kind.
- P. Thiel’s Founders Fund invests in Bitcoin trading. On Tuesday, reports regarding the notorious Facebook investor and venture capitalist Peter Thiel and his Founders Fund was revealed. According to sources familiar with the matter, Thiel’s fund has made an investment in the startup Tagomi, a firm that plans to execute cryptocurrency buy and sell orders as a brokerage service dealing with institutional investors and family offices. The report on May 1 details that the Founders Fund was involved in a funding round for Tagomi that resulted in $15.5Mn USD.
- London-Based LBX Exchange Adds Bitcoin Cash to Its Offerings. London Block Exchange has listed Bitcoin Cash (BCH) and Ethereum Classic (ETC) among its cryptocurrency offerings. The platform dedicated to the UK market now trades six cryptocurrencies against the GBP. LBX opened with OTC trades in November and promised to add multiple new coins in the future. The exchange also offers on-shore UK banking.
