Bitcoin Information, Value, Chart and Evaluation
Bitcoin value weak after ETF utility pulled.
CBOE blames US Authorities shutdown for withdrawal.
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Bitcoin (BTC) Trades Heavy and Could Transfer Decrease After ETF Withdrawal
The Securities and Trade Fee (SEC) yesterday revealed that an utility from the Chicago Board Choices Trade (CBOE) for a Bitcoin ETF had been pulled. The motion was seen as a result of ongoing US authorities shutdown which can have issued an computerized denial of the appliance, together with fears that the SEC should not be snug with the thought of a cryptocurrency-based ETF. It now appears extremely unlikely that there might be a Bitcoin ETF granted in Q1 2019 on the very earliest, if in any respect.
Cryptocurrency Market Stagnant at Decrease Ranges – Bitcoin Dominance at 52.four%
Bitcoin continues to commerce both facet of $three,600 and the chart set-up is beginning to look destructive once more. BTC now trades again beneath all three transferring averages, leaving the two-month low at $three,420 weak, whereas decrease highs proceed to dominate the market. An in depth beneath right here opens the best way again to the December, multi-month, low round $three,127, carefully adopted by the September 2017 swing-low at $2,970. Beneath right here there may be little technical assist earlier than $1,780 comes into play.
Bitcoin (BTC) Every day Value Chart (June 2018 – January 24, 2019)
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— Written by Nick Cawley, Analyst.