BTC Daily: Bearish

26 במרץ 2018

On the last week, BTCUSD tried to seize the 9000.0 level but drew a double peak pattern and fell after news about Binance leaving a Japan and probably whole Asian region, relocating it's head ofice to Malta.
Bitcoin opened this week with a fall, breaking below the 8300 level and heading to the 8000.0 support. Break below the 8000.0 level will send the price to the 7250.0 support and global Bullish Trend Line.
Overall daily bias: Bitcoin looks bearish today and probably will test the 8000.0 support level.
Latest news theses:

• Reddit removes Bitcoin Payment Options. Reddit has removed the option to gift users with Reddit gold using bitcoin. Reddit gold is the website’s premium membership program which gives users some special benefits and features and helps the company to keep the servers running. Official comments: "The upcoming Coinbase change, combined with some bugs around the Bitcoin payment option that were affecting purchases for certain users, led us to remove Bitcoin as a payment option. We’re going to take a look at demand and watch the progression of Coinbase Commerce before making a decision on whether to re-enable."
  
• Nigerian Deposit Insurance Corporation (NDIC) warns against the use of cryptocurrencies. NDIC website recently put up a special notice to banks, bank depositors and the general public on digital currencies. NDIC is a corporation that is being regulated by the Nigerian Ministry of Finance, and they aim to protect the banking system from instability caused by certain occurrences.Central Bank of Nigeria reported on a warning regarding cryptocurrencies in February. Now it seems that additional regulators are joining the fight against the new digital assets. The warning targets users, holders and traders and highlights Bitcoin, Zcash, Monero, and Litecoin.
  
• Monero in a war with ASIC's. Bitmain recently announced a new mode of miners, the Antminer X3. New Antminer model developed specially for Monero and should highly boost the mining speed. Monero community rebels against such release and planning to enact an emergency software upgrade in April meant specifically to change the rules of the system to block the effort entirely.