Bitcoin has now reached the end of the short term wedge, it's currently supported by the light-blue line and there is a chance it will drop to the bottom yellow line before its next big move.
It's a tedious wait, but we may see some action soon. Fasten your seatbelts for the ride!
In other news
- Nikita Zhavoronkov, a lead developer of the blockchain search and analytics platform Blockchair, says Ethereum 2.0 could replace Bitcoin (BTC) as the leading cryptocurrency within the next five years. The original tweet can be found here
- A Fidelity survey of 774 institutional investors found that more than one-third of firms worldwide have invested in digital assets or derivatives, only 20% of participants indicated that they do not find anything about the crypto asset class appealing.
- Bitcoin product listed BTCE to be listed on Germany stock exchange. BTCE tracks the price of Bitcoin (BTC) and is physically backed by the cryptocurrency. The Bitcoin will be held in cold storage by digital asset custodian BitGo