Gtag:

BTC Strengthens Sharply on Increasing Global Acceptability; Faces Key Hurdle at $48,100 mark; Aug 20, 2021

Top 5 Headlines on Digital Currency:

  • Filings submitted by the $9 trillion multinational investment manager BlackRock reveal the firm has made significant investments in two leading publicly traded Bitcoin mining firms – Investing.
  • Fireblocks today announced that Jay Clayton, former SEC chairman, is joining them as the newest member of their advisory board. Fireblocks is an Israel-based Bitcoin and Ethereum Custodian and has a valuation that exceeds $2 Billion – Investing.
  • United Wholesale Mortgage announced plans this week to accept cryptocurrency for home loans, in an apparent first for the national mortgage industry – Investing.
  • Global adoption of bitcoin and cryptocurrency has skyrocketed in one year, up over 880%, new Chainalysis data found. The company’s Global Crypto Adoption Index was released yesterday with data from July 2020 to June 2021 to show how active countries worldwide are in Bitcoin – Investing.
  • European payments and transactional services provider Worldline has partnered with Bitcoin Suisse, a Swiss bitcoin services firm, to launch its new omnichannel payment solution. The new service, called WL Crypto Payments, will enable the more than 85,000 merchants in the Worldline network to accept BTC in their point-of-sale (POS) and e-commerce payment gateways – Investing.

Technical View:

  • The BTC reverses previous loss and jumps back above $47,000 mark.
  • The pair made intraday high at $47,418 and low at $46,645 mark.
  • Today a day chart and H1 chart with triple EMA suggests bullish Trend for the time being.
  • A sustained close above $48,100 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below $43,900 will check further supports.
SUPPORTS RESISTANCES
$46,574 $48,100
$46,300 $48,450
$45,912 $48,780
$45,500 $49,200
$45,100 $49,680

Take a look and do trade wisely!
Good Luck

Tags
Share on facebook
Share on linkedin
Share on twitter
Share on telegram
Share on whatsapp
Unleash Powerful Trading Conditions with TP Global.

Recent Posts

Categories

Offices

305 Griffith Corporate Park, Beachmont Kingston, Saint Vincent & the Grenadines

Mail us

Drop mail at:
support@tpglobalfx.com

Contact us

Call or Whatsapp
+44 7441 416320

Risk Warning: Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note that even knowledgeable and well-experienced investors can experience large potential losses because of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of Apple Inc, registered in the US and other countries. iPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc.

TP Global FX Limited is registered and regulated by Vanuatu Finance Service Commission (VFSC) with a registration number 40409.

TP Global Services Limited registered by St. Vincent and the Grenadines with Number 25274 BC 2019. Registered office: Suite 305, Griffith Corporate Centre, Beachmont, P.O.Box 1510, Kingstown Saint Vincent and the Grenadines

TP Global Fx Africa Limited is incorporated in Federal Republic of Nigeria under the Companies and Allied matters Act 1990 with registration number RC 1674202. The objects of the company are all subject matters not forbidden by Companies and Allied Matters Act 1990. To provide Electronic Platform through which clients can choose currencies, commodities, indexes, CFDs and other leveraged financial instruments to trade.

TP Global Services Limited is registered with NFA (National Futures Association) USA with Registration Number 0533098.

mappin at-sign phone close