Price
For the third day in a row BTCUSD going through a selling pressure, the pattern clearly looks like step-by-step sell-off of the currency. After the recent volume peak at 9330.0 level, the coin fell to the 9000.0 level + 100-days EMA, with low volumes, not finding a buying support. Breakthrough of the three-days Bearish Trend Line is required to consider a turnaround on the 9000.0 level. A strong support zone 9000.0 – 8800.0 stays below the price.
Today forecast
Lateral trading in the 9000.0 – 9500.0 zone.
Latest news
For the third day in a row BTCUSD going through a selling pressure, the pattern clearly looks like step-by-step sell-off of the currency. After the recent volume peak at 9330.0 level, the coin fell to the 9000.0 level + 100-days EMA, with low volumes, not finding a buying support. Breakthrough of the three-days Bearish Trend Line is required to consider a turnaround on the 9000.0 level. A strong support zone 9000.0 – 8800.0 stays below the price.
Today forecast
Lateral trading in the 9000.0 – 9500.0 zone.
Latest news
- Bitcoin sinks after another critical comments Bill Gates and Warren Buffett. Warren Buffett commented on Monday, that “the asset itself is creating nothing” and that “when you’re buying nonproductive assets, all you’re counting on is the next person is going to pay you more because they’re even more excited about another next person coming along”.
Bill Gates states that Bitcoin as an asset class, is not producing anything and so you shouldn’t expect it to go up,” he said. “It’s kind of a pure ‘greater fool theory’ type of investment. I would short it if there was an easy way to do it.”
- Bitcoin Cash vulnerability. .** On Monday, Bitcoin ABC said in a security advisory that a critical vulnerability has been found in Bitcoin ABC version 0.17.0 which has the potential to cause an unintended split in the Bitcoin Cash network. n order to exploit the vulnerability, an attacker would need to construct a malicious transaction which could be accepted into Bitcoin ABC and consequently mined into a block.
Once this block has been established, the block would then reject all other versions of Bitcoin Cash compliant implementations.
"The malicious transaction would contain the bitflag of 0x20 set in the signature hash type," the company notes.
If exploited, the security flaw could force a split of BUCash and versions of Bitcoin-ABC prior to 0.17.0 from the majority Bitcoin Cash blockchain. It is not known how other nodes may be affected.
"Bitcoin ABC will be taking several actions in order to prevent such an event from occurring again, as well as reduce the overall response time in the case of emergent issues in the future," the company added. "Additionally, Bitcoin ABC is in discussions with industry participants to establish a formal bug bounty system."
Miners using Bitcoin ABC are urged to update to Bitcoin ABC version 0.17.1 immediately to prevent the exploit of the vulnerability.
- New York Stock Exchange Will Launch Physical Bitcoin Futures: Reports. That was according to the New York Times, which quoted documents and four anonymous sources “briefed” on a proposal for ICE to launch Bitcoin trading options.
If correct, ICE would become the second Wall Street giant to “go Bitcoin” this month, a week after Goldman Sachs appeared to confirm it would offer a raft of Bitcoin options. The outline broadly reflects Goldman’s initial approach, an executive hinting futures contracts would be the bank’s first offering, followed by more direct interaction with cryptocurrency later on.
