Author: Mr Price Action

[Updated] New hope for bitcoin ETFs in the US

According to the news Coinbase, one of the biggest crypto currency exchanges, is currently looking to create an exchange-traded product tied to crypto market. Back in March the company already announced an index fund of cryptocurrencies aimed at accredited investors, but an ETFis geared toward more mainstream investors. According to Businessinsider.com,Coinbasehas held talks with members

Bitcoin [BTC] – Intraday analysis

Good afternoon, From daily chart perspective as long as we are above +/- 7200 (based on daily close) bulls control the market short term. We do have a chance to retest wide supply zone within 7800/8500 range (visible on daily chart below): The importance of 7200 demand zone is even better visible on 1-hr chart: