Today, the cryptocurrency market is colored green, the price of BTC / USD has managed to stop at the double bottom and began to recover.
Meanwhile, SEC committee member Robert Jackson was interviewed by the Congressional Quarterly, where he stated that the SEC would eventually approve Bitcoin-ETF. He believes that sooner or later, but someone will meet the standards that are set by regulatory authorities.
But not all the news was so encouraging. The plot around the demise of QuadrigaCX, the largest Canadian cryptoexchange, continues to thicken. Access to the cold storage of the exchange was reportedly lost with the death of the founder Gerald Cotten. Some suspect that he did not die, and others – that there simply are no funds in the vault.
Another unpleasant story is a fake website, which is the long awaited Bakkt platform and trying to fool a lot of crypto users.
BTC technical picture
As mentioned earlier, the level is $ 3,330 – this is a double bottom. During January, Bitcoin set minimums every few days. But the inability of bears to push prices down is an encouraging sign for bulls.
However, the BTC must first surpass the February high of about $ 3,500 to start a steady uptrend. The next level to pay attention to is $ 3,610. It is followed by a level of $ 3,660, which coincides with the 50-day simple moving average. Further target – $ 3,800, recorded in mid-January.
Below $ 3,330 is an important level of $ 3,125, fixed in mid-December. The next round of $ 3,000 was last seen in the summer of 2017.
What do you think about the situation in the cryptocurrency market?
