- Bitcoin price has managed to hold on to the critical support at 12400.00 level and might get a little bit of bullish pressure but if the price do not breach 14400.00 level and hold above it, the bullish pressure will end with an sell opportunity.
- Aggressive traders look to buy on a breakout above 14400.00 level, but If bitcoin price fails to rally above this level , it will turn down to 12400.00 level. So it’s better to wait for a 16400.00 breakout or 12400.00 breakdown before initiating any positions.
- The South Korean government has confirmed that it has no plans to ban cryptocurrency trading in the short-term. This is a major relief to the markets, which were reeling under selling pressure, but many traders saw the recent decline as a buying opportunity.
- If you like to eat chicken tenders, waffle fries, Med Side, Med Gravy, do not miss this weekend "KFC Canada Bitcoin Bucket" and do not forget, as monday is Martin Luther King Jr.’s birthday in America, quiet trading is expected.
YOU SHOULD NOT TAKE ANY MATERIAL POSTED ON THIS BLOG AS RECOMMENDATIONS. TO BUY OR SELL BITCOIN OR ANY OTHER INVESTMENT VEHICLE LISTED.
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