Bitcoin Today: Facebook and Google winks and Bitcoin surges

23 июл. 2018 г.

Price
Bitcoin found 7300 level supportive at the beginning of the weekends and managed to take-off from this level and taking over 7600 level after a short roll-back on Sunday. Today volume distribution tends closer to 7650 price, which confirms the breakthrough of 7600. Winning over the 7600 level underly that the price has overcome a complex zone of 7500 level and 100-days EMA and now adds more bullish signs to its view. If traders can hold this level for today, then soon we could see a testing of the 8000 resistance. Return below 7600 will probably mean the continuation of lateral trading in the 7000 - 7600 zone.

Today forecast
Trading in the 7600 – 8000 zone.

Latest news

• Facebook allows Coinbase to advertise in the social network.
  The largest global social network white listed Coinbase from its advertising ban for cryptocurrency and ICO related companies. The news popped up on Saturday when CEO of the US-based crypto exchange Brian Armstrong posted a tweet with attached Coinbase ad in Facebook:
  "Facebook banned ads for crypto earlier this year. Proud to say we've now been white listed and are back introducing more people to an open financial system."
  The community cheered the news while the post gathered over 160 comments.
  
• Google includes major coins in the exchange rate converter; Bitcoin, Ethereum and Ripple and Bitcoin Cash reacts with further gains
  Google seems to have warmed up again towards digital assets and added Bitcoin, Bitcoin Cash, Ethereum and Litecoin to its online currency exchange converter. If a user searches Google for these coins, the system automatically displays their exchange rates for these coins in user's local currency.
  It is worth noting that Google's rates differ from CoinMarketCap data, while the source of quotes is not readily available.
  Earlier we reported that Google's co-founder Sergey Brin confessed that he had been mining Ethereum together with his ten-year-old son.