Bitcoin Today: peeked under 6000, what to expect?

28 Haz 2018

Price
Bitcoin spending a third day in a narrowing diapason between Bearish Trend Line and 6000.0 level. Though yesterday we saw a short-term dip to the 5990.0, for now, the price has returned to the lateral movement. According to volume distribution, the most trades happen on the 6100.0 level, which is a positive sign, as it pulls the price away from the 6000.0. From the other side, too-long lateral trading in narrow range talks about too low trust and demand, which could result in further dips of the price. Anyway, in near-term perspective, the price will have to meet the Bearish Trend Line and decide once more, whether it ready to break it and attempt to go up or will fall again. I repeat that the breakout requires confirmation in the form of large volumes and a rise above 6300.0. From the below 6000.0 – 5750.0 zone is the last supportive levels on the way to 5000.0.

Today forecast
Trading in the 6000.0 – 6300.0 zone.

Latest news

• US House Unanimously Passes Bill to Help Fight Illicit Use of Cryptocurrencies
  The U.S. House of Representatives has unanimously passed a bill to help prevent the illicit use of cryptocurrencies, including bitcoin, dash, zcash, and monero. This bill follows a testimony by the Secret Service asking Congress for help stopping these activities.
  The U.S. House of Representatives has passed Bill H.R. 6069, known as the “Fight Illicit Networks and Detect Trafficking Act.”
  The bill was considered by the House on Monday, June 25, and “passed unanimously,” according to California Rep. Juan Vargas, the representative who jointly introduced the bill with Rep. Keith Rothfus, announced.
  The Republican Policy Committee website describes:
  “H.R. 6069 would require the Government Accountability Office (GAO) to carry out a study on how virtual currencies and online marketplaces are used to buy, sell, or facilitate the financing of goods or services associated with sex trafficking or drug trafficking. The GAO study would also examine how virtual currencies can be used to detect and deter these illicit activities.”
  
• Huobi Exchange Suspends Services for Japanese Residents
  Crypto exchange Huobi notified its Japanese customers via e-mail on Wednesday that it will be closing accounts of users who are residents of Japan. According to Huobi, their decision came up as a result of compliance issues with the Japanese law.
  Huobi Pro reportedly plans to remove the Japanese page from its website as of July 2, and stop providing trading services to Japanese residents. Although the announcement is not yet visible on the official company homepage, further details are expected to appear in the coming hours, a Telegram administrator for Huobi said.