Happenings Around BTC

Yesterday was the largest day of net outflows from exchanges since mid-2016, with exchange balances dropping by 60,004 BTC.

Paypal CEO said that they will start Bitcoin buy and sell services to UK within a month. This is bullish news for Bitcoin as more people now easily get access to Bitcoin without technical knowledge of wallets and private keys.

Bitcoin forming a symmetric tringle on lower time frames. If the symmetric tringle breaks upwards then we will see retest of the major resistance area of $42,000. The local support zones are shown in the chart and major support area is $36,000-$36,500. We will see a breakout either side this weekend.

BTC break the symmetric triangle with big candle. Bitcoin need to bounce from the support of $38,450 otherwise we see a retest of lower support zones.

Binance stopped Futures trading for the following region:

https://www.binance.com/en/support/announcement/f72d0fff2bd24b488213fa30284dd4cd