The forecast for BTC/USD: Bitcoin is adjusted after takeoff
After kratkosrochnom growth, which was caused by the release of a number of investors from USDT (simulated company Tether) which in turn was caused by problems at the exchange Bitfinex, where we even had to temporarily stop accepting Fiat money, the main cryptocurrency is undergoing the expected correction.
At the same time, Fidelity Investments, the U.S. holding company, announced the establishment of the subsidiaries, which will be called Fidelity Digital Assets. Thus FI is preparing to enter the crypto market institutional investors, the organization of trade between them and will have to deal with the newly affiliated company. In addition, the Fidelity of Digital Assets designed to provide a number of services, such as trading, clearing, storage of cryptocurrencies.
Positive information flow decided to support the Americans from Sunny California. Namely, the Coinbase exchange will open an office in Dublin. UK began the process of withdrawal from the European Union, so Coinbase has rightly considered that the British market after leaving the EU deserves that it represented the complete package exchange.
Mike Novogratz, the investor, is also famous for his predictions, has again shared some information. First, he reiterated that bitcoin until December 31, 2018 will not be able to overcome the mark of $10,000. However, Mike promises something interesting in the first half of 2019. After the market entry of institutional investors, bitcoin, according to Mike, will update, no less, the record December figure.
During day time-frame has been broken the downtrend that lasted from January 2018. What’s next? There are two main versions of events. Either BTC will overcome the resistance at 6800 and then easily held in district 7150, or, if the sample is 6800 will not work, will likely adjust to the level of 6200-6400.