BTC/USD Consolidate Inside Ichimoku While US Real Estate Dealers Accpet Bitcoin Payments [Video]
|It's Invest Diva's Kiana with News BTC and here is your cryptocurrency update. With the public holiday in the US on Monday, Bitcoin continued its consolidation inside the Ichimoku cloud, above the key Fibonacci support level. After reaching the all-time high level close to $20,000 end of December 2017, the Bitcoin fever appears to have calmed a bit as more investors are looking into altcoins. The BTC/USD price has been supported by two key Fibonacci retracement levels of 38% and 50% at $11,473 and $13,326 respectively. From an Ichimoku Kinko Hyo standpoint, the Kijun line has crossed below the Tenkan line on the daily time-frame. The future cloud appears to be flat, so the resistance level falls on the 23% Fibonacci level of $15,721. Meanwhile, the housing industry is starting to dip its toes into the Bitcoin water. One Miami condo seller is only accepting Bitcoin offers, while online real estate brokers say several other listings are willing to accept bitcoin as a payment option. This is certainly good news for Bitcoin bulls. However, there is no doubt that the Bitcoin price can still be very easily manipulated by bots due to lack of regulation. Some researchers now claim that there were only a few people who likely drove Bitcoin from $150 to $1,000. And this could happen again in either direction, unless serious measures are taken. Thanks for watching, invest responsibly, and I'll see you with more updates tomorrow.
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