The bulls don't stop: the decision to postpone the consideration of the ETF did not affect Bitcoin
Source:
The Price of Bitcoin looks very promising cryptocurrency gradually forms a double bottom at the support level. Recent news about the postponement of the decision by SEC ETF has not crashed the market. The analysis of the coins spent .
theWhen Bitcoin starts to grow
At this point the moving averages lines do not give accurate representation about a new trend direction. 100 SMA recently crossed the 200 SMA, which indicates strong resistance. If it will play a role, the Bitcoin's price could fall to $ 6,100, or even below.
Technical indicators point to a weakening of the bulls — buyers not yet have the strength to start a new rally. However, they immediately appear after the cryptocurrency securely to fixate above 6650 dollars.
Tonight, the Commission on securities and stock exchanges of the USA declared about prolongation of term of consideration of the first cryptocurrency ETF. Financial regulator there are quite a lot of authority, so this issue could be delayed until February of next year.
The Approval of the first exchange triptofana will open the way for big capital, and institutional investors will get an excellent tool for investment. If that happens, Bitcoin could start a new global uptrend.
Believe it or not? Waiting on the discussion .
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