Overview of Bitcoin and cryptocurrencies

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Written by

FuTuRo

4 years ago

🟥Overview of the Bitcoin market.

🟥Technical analysis.

BTC / USD

The Bitcoin price is forming a bearish structure within the offer zone located within the 9591 - 9986 price range, if the pattern continues, at any time we will see a breakout of the upward wedge support with possible pullback after the breakout, if the price recovers as support the gray rectangle zone, we could see a continuation towards the 11200 resistance.

ETH / USD

Ethereum remains within the supply zone located within the price range of 210 - 215, if we do not recover that level as support, we could see the ETH price fall at any time towards the demand zone indicated within the chart above by the gray rectangle.

🟥Important news in cryptocurrency.

From Cash to Crypto: COVID-19 Is Changing the Way the World Sees Money
The COVID-19 pandemic is making cash-based societies all over the world sink into oblivion with the help of decentralized technologies.

Source 🔗

Fed Chair: ‘We Have the Ability to Create Money Digitally’
Fed Chairman Jerome Powell said the bank has flooded the economy with money and would continue lending programs for as long as they’re needed.
Source 🔗

Non-Custodial Bitcoin to Ethereum Bridge Shut Down After Two Days
The team behind tBTC, a decentralized Bitcoin-to-Ethereum bridge, pulled the plug on the system after a yet-undisclosed bug was discovered by software developers.
Source 🔗

🟥Interesting tweets.

66% miner share in a minority chain to activate IFP:

Gameable. Egregious. Treason. A crime against Bitcoin Cash. Can't trust ABC after this.

20% miner share in a minority chain to defeat the IFP:

"A pretty strong signal that ABC could to [sic] listen to and reflect on."
Tweet 🐤