Blockchain Getting the Attention, Bears Feasting on Cryptos

Blockchain Getting the Attention, Bears Feasting on Cryptos

Blockchain Getting the Attention, Bears Feasting on Cryptos

$BTCUSD

Savvy voices in the nascent industry are calling for a balanced approach regarding regulations which will let the technology to thrive and innovate. 

Blockchain continues to get a growing amount of attention from businesses and investors, and the fundamental tool of cryptocurrencies is an important element of Blockchain.

Regulations will make cryptocurrencies more transparent and this could create an improved trading environment long term.

Bitcoin rose Sunday and early Monday from lows marked late last week, the cryptocurrency is not seeing buyers and is testing Key support marks again.

Currently, Bitcoin is trading at: 6,819.1851, +82.1802, or +1.22%, as of 9:25p BST, the market is open.

Should Bitcoin continue to be rejected, its next important support mark is 6200.00, and 8000.00 mark is the strong resistance.

Bitcoin is in a Bear trend, traders should be prepared for additional tests.

The Bitcoin Daily Chart

Bitcoin Daily Chart
 Stay tuned…
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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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