Manoj B Rawal
Independent Analyst
- $9,000 crossed on BTC, eyeing psychologically important $10,000 now.
- France considers crypto as moveable property, tax rate down to 19 pct.
Bitcoin's shiny days seems to be coming back up ever since it left behind the correction which crashed price of this largest crypto down by nearly 70 percent in less than three months after rallying up nearly 2000 percent last year which caught attention of investors, government and regulators alike.
BTC is up nearly 3 percent on Saturday at $9,177 and about 4 percent for the week. Among the news that matters, especially positive ones which are rare to come by for the digital assets, France government is considering cryptocurrencies as 'moveable property' and lowered tax from 45 percent earlier to 19 percent now, Le Monde reported on Thursday.
Immediate resistances for BTC now stand at $9,230 and $9,538, while supports around $9,067 and $8,759 levels. $9543 would be keenly watched where the next resistance is placed in the form of falling trendline before investors eye psychologically important milestone $10,000 to cross and sustain.
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