Bitcoin Today: USA against Petro
Price
BTCUSD saves low volatility for several days, the Friday and weekends have passed in the narrow diapason 6550 – 6660, excluding two minor spikes. It worth noticing, that despite low volatility bitcoin have been making higher lows along Bullish Trend Line during September. If Bitcoin will manage to keep the higher-lows tendency, the Bullish Trend Line will eventually lead the price to the 100-days EMA and 7000 level (the most important level for now). Otherwise, if the price will fail to hold above 6500, then we will see testing of the Trend Line and 6450 level after. The most probable diapason for today is 6450 – 6660.
Today forecast
Today most probable trading diapason: 6450 - 6660.
Latest news
BTCUSD saves low volatility for several days, the Friday and weekends have passed in the narrow diapason 6550 – 6660, excluding two minor spikes. It worth noticing, that despite low volatility bitcoin have been making higher lows along Bullish Trend Line during September. If Bitcoin will manage to keep the higher-lows tendency, the Bullish Trend Line will eventually lead the price to the 100-days EMA and 7000 level (the most important level for now). Otherwise, if the price will fail to hold above 6500, then we will see testing of the Trend Line and 6450 level after. The most probable diapason for today is 6450 – 6660.
Today forecast
Today most probable trading diapason: 6450 - 6660.
Latest news
- US sanctions against Venezuelan Petro
A group of US senators is promoting new sanctions against Venezuela. The sanctions propose to extend a March order to prohibit US residents to provide software to Venezuela government, which will help to launch a Petro.
Senators Bob Menendez, Marco Rubio, Bill Nelson, John Cornyn, Dick Durbin, David Perdue, Ben Cardin, Ted Cruz, Tim Kaine, Michael Bennet, and Patrick Leahy believe that launch of Petro crypto-currency by Venezuela government will help the country to avoid already existing US economic sanctions against the country.
The bill, first introduced to Congress on the 24th of September and titled the ‘‘Venezuela Humanitarian Relief, Reconstruction, and Rule of Law Act of 2018,” extends upon an executive order signed by President Donald Trump during March that placed sanctions against Venezuela for seeking to bypass existing economic sanctions via the Petro. Further, it prohibits U.S. residents from “providing software” to the Venezuelan government in its move to launch the Petro.
The bill states: “All transactions related to, provision of financing for, and other dealings in, by a United States person or within the United States, any digital currency, digital coin, or digital token, that was issued by, for, or on behalf of the Government of Venezuela on or after January 9, 2018, are prohibited as of the effective date of this order.”
The official public sale of the Petro is scheduled to commence on the 5th of November.
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