(7/25, Sun) btc closed approching 50MA of the daily chart with more volume than Friday

in #btc3 years ago

Yesterday(7/24 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $33599, its lowest as $33419, its highest as $34515, its closing as $34253. After starting on Saturday, Bitcoin began to decline, reaching a low at 01:30 and rising, attempting to break through $34,000 before breaking through the $34,000 at 16:15, reaching a high at 17:00 and declining, ending a final gain of 1.9%.

If you look at the 4-hour chart, the trading volume at the peak was maintained to a certain extent considering that it was a weekend, and on the daily chart, the Saturday trading volume surpassed the previous day and btc rose to just below 50MA, which is enough to give expectations for further upside.

As a news related to cryptocurrency, there was an announcement that the EU would ban anonymous cryptocurrency wallets, but it seems that this is inaccurate and it is ending with a happening. Several countries are showing a movement to regulate cryptocurrency transactions and remittances due to concerns about money laundering through cryptocurrency, but it is thought that this may come from not fully understanding the nature of cryptocurrency itself.

Most cryptocurrencies share and open transaction details, and when converting to fiat money in the final stage, account freezing is possible, but I do not know why it denies that control is possible through monitoring transactions between crypto exchanges and commercial banks.

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