Janet Yellen did not mention the subject of crypto-currency yesterday, and, nevertheless, Bitcoin went down a bit. In principle, despite the fact that the use of crypto-currency is growing as a means of payment, the main central banks somehow made it clear that they will not allow them to replace traditional money. The Bank of China has already introduced restrictive measures, and the ECB in the person of Mario Draghi has unequivocally stated that crypto-currencies are not a means of payment. Apparently, the Fed has a similar position. Simply the FRS made it clear that as long as the market volume of the crypto-currency is too small to become a problem for it, and while the US Central Bank will tolerate both Bitcoin and other crypto-currencies. But it's worth significantly increasing the volume of transactions, as the Fed immediately begins to prevent the use of crypto-currency.
Technical picture
Yesterday's forecast did not coincide and bitcoin nevertheless reached the previously predicted value of 4150, which was discussed the other day. In a way, we can say that the correction movement from the level of 4420 came to an end, the price reached the value of 4150, what to expect next? If to refer to the technique, it is possible to predict a temporary stagnation in the current coordinate 4150 (4080/4200), where the bulls will try to take the leading position, returning us again to the level of 4420. But if the stagnation drags on and the bulls will not show themselves, then I would not remove the variation of the further decline to 4000 ---> 3800. Thus, traders should carefully look at the current situation, analyzing the stagnation and fixation beyond the time limits.
Earn on the movement of the course of the crypto currency with InstaForex, opening a deal in the terminal MetaTrader4