Price
Bitcoin did not manage to show higher volumes and hold above the 6650.0 and felt down this morning to the 6300.0 level. Though the volumes did show up in the 6000 – 6400 zone, as it is a supportive zone, the more Bitcoin testing it - the less support this zone will provide. For now, we are hanging at the 6300.0 level and waiting if traders will pick it up or leave it for the next weekends there. Overall the technical picture looks negative, as the longer the price stays in the 6000 – 6400 zone the higher possibility of further declines. A come back above the 6650.0 level with high volumes would be the only positive sign that could save the day.
Latest news
Bitcoin did not manage to show higher volumes and hold above the 6650.0 and felt down this morning to the 6300.0 level. Though the volumes did show up in the 6000 – 6400 zone, as it is a supportive zone, the more Bitcoin testing it - the less support this zone will provide. For now, we are hanging at the 6300.0 level and waiting if traders will pick it up or leave it for the next weekends there. Overall the technical picture looks negative, as the longer the price stays in the 6000 – 6400 zone the higher possibility of further declines. A come back above the 6650.0 level with high volumes would be the only positive sign that could save the day.
Latest news
- Japanese largest exchange bitFlayer suspends registration
Bitcoin prices fell more than 5 percent on Friday after a regulatory agency in Japan ordered several cryptocurrency exchanges to review their business practices.
The digital currency traded at 6300 around 09:00 UTC, breaking below 6400 for the first time in about a week.
The order from Japan's Financial Services Agency, led bitFlyer — the largest crypto exchange in Japan — to suspend the creation of new accounts while it makes improvements to its business, especially as it pertains to its money-laundering measures.
