Bitcoin Today: Will we make it to 9000 today???

20 Nis 2018

Price
Yesterday BTCUSD has broke above the lateral channel, pushed off the 8300.0 level and now is testing the 8500.0 resistance. Judging by the distribution of today's volumes, major volume was traded right above the 8300.0 level, but on the 8500.0 level volumes also rose significantly; that could be a positive sign for bulls. 8300.0 level should stay strong for the bullish scenario continuation.

Today forecast
Trading in 8300.0 – 8500.0 zone; High probability of the 8500.0 breakthrough.

Latest news

• Tezos Co-Founder Sanctioned By US FINRA. The co-founder of Tezos, the cryptocurrency project that made headlines with its $232 million initial coin offering last year, has received a sanction order from a U.S. financial regulator.According to a report by Reuters, the Financial Industry Regulatory Authority (FINRA) prohibited Arthur Breitman from association with broker-dealers for two years and handed him a $20,000 fine over allegations that he made false statements about the project while employed at investment bank Morgan Stanley. Breitman did not admit or deny the allegations, the report added.The regulator alleged that Breitman failed to disclose his involvement in developing and pitching for Tezos during his time at the bank, according to the report. He thus violated a rule mandating that registered broker-dealers must to notify employers of side businesses that are expected to bring financial compensation. Breitman also allegedly provided false information when answering questionnaires from his employer over any outside business activities.
  Following its record-breaking ICO in July of last year, at least four class action suits have emerged since November 2017 against the firm, alleging it violated U.S. laws by issuing tokens that are in effect unregistered securities.
  
  
• Bitcoin Pyramid Scheme Amassed $20 Million in South Korea. Two men from South Korea have been sentenced for creating a bitcoin pyramid scheme that swindled some 20 billion Korean won ($20 million) from investors. On April 19, a judge from Seoul's Incheon District Court issued fines of $15 million and $8 million, respectively, to the two fraudsters, according to local news source Yonhap. The report said the two men started the scheme in 2015 and subsequently built a multi-level company by promising investors high returns through investing in bitcoin. "The multi-level transaction is a risk to the socioeconomic order with mass production of many victims," the judge was quoted as saying in the report. The fines were given based on the considerable sum they had attracted from victims of the scheme. The report comes just days after neighboring China beefed up its efforts to crack down on multi-level marketing schemes disguised as bitcoin investments. As reported on Wednesday, Chinese police arrested the founders of a claimed nationwide cryptocurrency pyramid scheme that had amassed $13 million from over 13,000 people.