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Latest Bitcoin news
Among other benefits, the blockchain is transparent and once it is a registration, it is easy to keep track of all transactions related to that address. That's why this technology is perhaps the most significant innovation of the 21st century. If traditional companies incorporate this technology, you will not be able to talk about scams and other unscrupulous activities. This is because everything would be open and transparency on another level.
The opaque nature of banking operations is the reason why the third largest bank in the United States, Wells Fargo has been able to cheat its customers for 15 consecutive years. As a result of their illegality, the bank now has to pay a fine of $ 575 million to all interested customers in all 50 US states.
Interestingly, after an investigation, it emerged that bank employees opened credit cards and bank accounts using customer names without their approval. It was the same customers that the bank could not buy cryptocurrencies using their credit cards because there are "more risks associated with this volatile investment". In an announcement made in June 2018, the company's spokesperson said:
"Customers can no longer use their Wells Fargo credit cards to buy cryptocurrency, we are doing so to be consistent with the Wells Fargo company because of the multiple risks associated with this volatile investment. 39; industry in general. "
Bitcoin price analysis (BTC)
At the time of printing, BTC is down 1.4% against the dollar in the last 24 hours. If nothing else, this is fairly stable, and means that prices fluctuate within a narrow range of around $ 150. Going forward, we will maintain a positive outlook on this pair. As stated in yesterday's BTC / USD trading plan, the bulls are in control.
Note that, despite the lows lower during the session yesterday in New York, there were important recoveries in the Asian session. We expect this to continue and the best approach, therefore, is that the aggressive type of trader is to charge on any undervaluation in the 1HR or 30 Min charts until prices are stable above 28 tenths to $ 3,700.
If not and there is a degradation below this minor support line, then prices could collapse to $ 3,400 and even last year's lows to $ 3,220. This is our shorter BTC / USD business plan:
Buy: Spot, $ 4,100
Stop: $ 3,750, $ 3,900
Target: $ 4,400, $ 5,000
All graphics courtesy of Trading View
Disclaimer: The opinions and opinions expressed are those of the author and are not investment advice. Trading any form involves risks, as well as your due diligence before making a commercial decision.
