Bitcoin Today: digesting Bing news like all others
Price
After a regular reaction to the next stage of advertisement restrictions, now from the second largest search engine Bing, bitcoin crashed to the 8100.0 level yesterday. For now, BTCUSD went into a gradually rising channel in the 8100.0 – 8500.0 zone, such pattern suggest that there are traders willing to buy at this price which is a positive sign. Support levels zone is 8100.0 – 8300.0, break below this zone will probably provoke breakthrough of the 8000.0 level and a fall to the lower support levels around 6000.0 – 7000.0 zone. From the upside, 8800.0 level should be pierced to continue upward movement.
Today forecast
Lateral trading in the 8100.0 – 8500.0 zone.
Latest news
After a regular reaction to the next stage of advertisement restrictions, now from the second largest search engine Bing, bitcoin crashed to the 8100.0 level yesterday. For now, BTCUSD went into a gradually rising channel in the 8100.0 – 8500.0 zone, such pattern suggest that there are traders willing to buy at this price which is a positive sign. Support levels zone is 8100.0 – 8300.0, break below this zone will probably provoke breakthrough of the 8000.0 level and a fall to the lower support levels around 6000.0 – 7000.0 zone. From the upside, 8800.0 level should be pierced to continue upward movement.
Today forecast
Lateral trading in the 8100.0 – 8500.0 zone.
Latest news
- Thailand Waives 7% VAT for Individual Cryptocurrency Investors. Thailand’s Revenue Department has announced that it will waive the 7% value-added tax for individual cryptocurrency investors. The country began regulating digital currencies and initial coin offerings on Monday, putting the Thai Securities and Exchange Commission (SEC) in charge of the regulations.
Director of Legal Affairs of the country’s Revenue Department announced at a press conference on Tuesday:
“The Revenue Department will waive value-added tax for people trading in cryptocurrencies on exchange markets approved by the Securities and Exchange Commission (SEC).” - Iran and Russia to Create Crypto Alternative to SWIFT. Recognizing the opportunity to minimize dependence on the US dollar, Iranian authorities have turned their attention to cryptocurrencies. Iran’s central bank has commenced work on proposals to use cryptocurrency in international trade, as requested by the parliamentary Committee on Economic Affairs, Interfax reported.
Teheran has established cooperation with Russia on the matter following a meeting with the chairman of the Economic Policy Committee of the upper house of Russia’s parliament, Dmitriy Mezentsev. Purebrahimi said that the two countries may be the first to use cryptocurrency in bilateral trade transactions.
Head of the committee, Mohamad Reza announced:
“Cryptocurrencies offer a good opportunity to circumvent the use of the dollar, and also replace the SWIFT system”
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