Bitcoin Today: will we take 9250 or not??
Price
Even though the median daily price is higher than yesterday, BTCUSD did not manage to break above the 9250.0 level yet. A breakthrough above the 9250.0 level will lead the pair to its main at this point resistance 10000.0. Bullish Trend Line and 8800.0 – 9000.0 zone should act as a support. If the buying pressure is not enough to break above 9250.0 level, the price might go into a longer lateral correction in the 9000.0 – 9250.0 region.
Today forecast
Possible upward impulse to the 9500.0 – 10000.0 zone. In case of rebound from the 9250.0 – lateral movement in the 9000.0 – 9250.0 corridor.
Latest news
Even though the median daily price is higher than yesterday, BTCUSD did not manage to break above the 9250.0 level yet. A breakthrough above the 9250.0 level will lead the pair to its main at this point resistance 10000.0. Bullish Trend Line and 8800.0 – 9000.0 zone should act as a support. If the buying pressure is not enough to break above 9250.0 level, the price might go into a longer lateral correction in the 9000.0 – 9250.0 region.
Today forecast
Possible upward impulse to the 9500.0 – 10000.0 zone. In case of rebound from the 9250.0 – lateral movement in the 9000.0 – 9250.0 corridor.
Latest news
- Goldman Sachs Will Launch a Bitcoin Trading Desk. Goldman Sachs will launch a bitcoin trading desk, the investment banking giant confirmed on Wednesday.
The New York Times reports that the firm, one of the largest financial institutions in the United States, is preparing to begin using its own funds to sponsor a variety of investment contracts tied to the bitcoin price and hopes to eventually trade “physical bitcoins” directly.
The bank has been rumored to have been planning to set up a cryptocurrency trading desk since last December, but executives and spokespeople claimed that those reports were false. Indeed, as recently as April 23 — when the bank hired cryptocurrency trader Justin Schmidt — the bank claimed that it had “not reached a conclusion on the scope of our digital asset offering.”
However, the bank has now confirmed that it will begin offering its clients a type of futures contract called a non-deliverable forward that will be linked to bitcoin — an asset which Goldman CEO Lloyd Blankfein called a “vehicle to perpetrate fraud” last November. - Coinbase Set to Offer OTC Crypto Trading Desk to Big Investors Coinbase created the GDAX platform for institutional investors in 2014. With this new over-the-counter deck, it appears the crypto exchange platform has set its sights on an even bigger class of clientele. Large volume crypt trades occur on OTC trading venues to avoid any adverse impact on the market.
OTC trading decks have been growing steadily in recent times even though regular volumes remain flat. They are relatively common in equity as well as futures markets.
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