The main news of the world cryptocurrency for the week and technical analysis of the course BTC

The cryptorinks, which showed a week earlier their readiness to increase capitalization, this week has already demonstrated psychological stupor and inability to reach higher than previously achieved levels in the process of recovering the value of assets after the 2018 collapse.

But this is most likely a new and no less interesting game of big capital, which creates the illusion of the end of growth for small traders, but in reality this is not so, and on the charts you can see new signals for raising during the first summer month.

It also supports the external background, because the good news will be the possibility of launching a cryptocurrency from Facebook in June. At the same time, some employees of the corporation have already expressed their willingness to receive a salary not in fiat funds, but in the stablecoats of the GlobalCoin social network.

Binance denies access to Binance DEX for a number of countries.

On June 2, on Sunday, there was news in the network that the decentralized Binance DEX exchange changed the rules of use, prohibiting residents of a large number of countries and regions from using its services.

From July 1, trade and access to wallets on the site will not be available to users with the IP addresses of the following territories: USA, Albania, Belarus, Burma, Bosnia and Herzegovina, Central African Republic, Congo, North Korea, Cote d'Ivoire, Crimea, Croatia , Kosovo, Cuba, Iran, Iraq, Lebanon, Liberia, Libya, Macedonia, Moldova, Serbia, Somalia, Sudan and South Sudan, Syria, Venezuela, Yemen, Zimbabwe.

The publication of this news spawned heated debate; the main thesis is that now Binance DEX cannot be considered decentralized. But on Monday morning, Changpen Zhao, head of the exchange, commented on the situation, explaining to users that access can only be denied to the site (binance.org), while the use of the blockchain itself can in no way be restricted.

“The site is not a blockchain,” Zhao reminded, adding that most of the wallets work with Binance DEX directly, and not through the site, and shared a list of such wallets.

CAN TRADE on You @binance_dex using the one's the any of wallets for These Directly, without going through https://t.co/VtrSxEaW22 AT all.

It's spreading. https://t.co/lrY9B04bMM

– CZ Binance (@cz_binance) June 3, 2019

The new version of the Apple OS will CryptoKit

Apple Inc. will introduce cryptographic tools into the new version of its iOS 13 operating system.

CryptoKit is designed to increase security and automate a number of tasks. Also, this tool will allow developers to perform common cryptographic operations, including hashing, key generation and encryption. Developers can now automatically handle tasks that make their applications more secure.

Dixy will interact with suppliers on the Factorin blockchain platform

The network of retail stores "Dixie" will transfer work with suppliers of products on an independent blockchain platform "Factorin". The platform is designed to minimize the risks of errors and fraud, as well as take over the flow of documents and the exchange of company data with partners, in order to significantly reduce the time required to execute documents.

Another important function of the platform is interaction with factoring companies in the “one window” mode: they will be able to exchange all data and receive financing during the day.

Note that the transition of “Dixie” to the blockchain is the first case in Russia when blockchain technologies are so widely implemented in business.

Visa started cooperation with startup LINE to create blockchain services.

Visa has signed an agreement with a Japanese start-up developing mobile applications for LINE Pay Corporation to get access to the blockchain services for its customers.

The main goal of the companies' cooperation is the launch of several services that allow to make B2B and cross-border transfers, as well as introduce a service for “alternative currency transactions”. It is possible that we are talking about cryptocurrencies, but this is not directly reported.

In 2018, LINE created a cryptocurrency unit focused on working with related products.

Also in the framework of cooperation with the payment giant LINE will be able to introduce support for Visa cards into their mobile wallets.

Hackers brought about $ 10 million in XRP c GateHub service

As reported in the official statement of the GateHub service of June 6, recently, service customers and community members notified them that XRP had been stolen from their wallets. The company immediately launched an internal investigation, during which no actions or omissions were noticed by GateHub.

The company sent all its users who may suffer from hacking emails with instructions on how to protect their funds.

In a statement, representatives of GateHub also reported that, according to the company's estimates, about 100 XRP Ledger wallets had been hacked, from which 23 million XRPs (about $ 10 million at the current rate) were withdrawn to 12 addresses.

At the moment, it is not known how the XRPs were taken out of the service, it is currently being investigated by IT experts, during which an increase in the number of API calls (with tokens) coming from a small number of IP addresses has already been discovered , which may be related to burglary.

Representatives of GateHub promised to publish an official statement after the completion of the investigation.

Technical Analysis of Bitcoin (BTC) Course

The first by capitalization of the cryptocurrency is in the "overbought" state after the growth that began in winter, because it has been happening almost without correction for many months now. A week earlier, a consolidation in the form of the “Horizontal Channel” technical analysis figure with $ 8,200– $ 8,900 edges was formed. But the miracle did not happen and the buyers did not have the strength to break through the resistance at the “round” level of $ 9000, which led to the development of a correction.

The current support for BTC is the 200-period moving average line, as well as the $ 7,000– $ 7,300 area, where the 23.6% Fibonacci correction line is located. Leaving below it will raise the issue of developing a short-term decline, but an upward trend is globally maintained.

Within the next weeks, high volatility is possible on the crypto market, so it is better for traders to be “out of the market” or open deals with short stops. The first signal about the development of a new wave of growth will be the exit of the price above the current resistance of $ 8,200, and then we should expect the development of a move up to the first goal in the form of a $ 8,900 area (50% correctional level along the Fibonacci lines) and $ 9,000.

Going above these values will remove all concerns about the continuation of the correction and allow the bulls to enjoy the victory in the form of consistently reaching $ 9,532 and more from the psychological point of view of an important level than from the point of trading of $ 10,000.

On the higher weekly timeframe, there is a danger of a deeper correction in the case of an exit below the region of $ 7,000– $ 7,300, which opens up prospects for a decline to $ 6,670 and $ 6,000. The second scenario looks more realistic with the completion in the coming days of a correction by a breakthrough of the resistance cluster of $ 8900– $ 9000.

Until mid-summer, the achievement of previously designated goals in the form of $ 9,580 levels (61.8% Fibonacci retracement level), $ 10,533, and resistance areas of $ 11,100– $ 11,300 is quite likely. Also, subject to a breakthrough of the level of $ 11,800, the target for 2019 remains in the form of a local extremum area of $ 14,000 (38.2% expansion by fiber).

Publication date 08/06/2019
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