Bitcoin Price and Technical Market Analysis May 5th, 2020
The daily candle on 4 May closed by $35 below the opening price. The main liquidity zone of buyers is in the range $8700-8850. Fixing above $9050, buyers will significantly increase their chances to test $10,500. Yesterday’s communication between Bitcoin market participants on “whether the balance of power has changed” has reached a stalemate. As […]
Trending Bitcoin News and Market Sentiment 5th May, 2020: SEC Relaxes Crowdfunding Regulations for Crypto Companies, Chinese Miners Prepare for New Wave of Bitcoin Buyers
Bitcoin claws back USD 9,000 but only temporarily as bulls refuse to give up The US SEC has temporarily reduced restrictions on its guidelines for Regulation Crowdfunding, making it easier for crypto firms to raise funds Chinese miners believe a new wave of Bitcoin buyers are about to emerge Bitcoin bulls are refusing to […]
Crypto Exchanges of India Unite for Clarity of Tax Rules
Indian crypto exchanges are urging the RBI to lay out clear regulations as the banks are still denying services amid ambiguous ruling. The crypto exchanges of India are seeking for clear-cut taxation regulations surrounding cryptocurrencies. This comes after the Supreme Court lifted banking restrictions on crypto exchanges exactly two months ago. As reported by India […]
Bitcoin Price and Technical Market Analysis May 4th, 2020
Passing 20%, the weekly candle closed at $8900. Today, the price is trading below the range $8700-8850. If buyers keep $8400 they will have a new chance to test $9200-9400. Yesterday’s trading day on Bitcoin market ended with an attempt of buyers to continue growth and to fix in the range $9200-9400. However, sellers in […]
