FX.co - BTC analysis for May 19, 2020 - Strong resistance at the price of $10.000 is holding. Potential for the downside rotation towards the $9.090 and $8.150.

2020-05-19T12:38:39

Relevance until2020-05-21

BTC analysis for May 19, 2020 - Strong resistance at the price of $10.000 is holding. Potential for the downside rotation towards the $9.090 and $8.150.

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BTC analysis for May 19, 2020 - Strong resistance at the price of $10.000 is holding. Potential for the downside rotation towards the $9.090 and $8.150.

Popular crypto exchange Binance is planning to enter the Chinese market with the launch of its new China website. This comes after Binance was forced to leave China following strict regulations that shut down all domestic cryptocurrency exchanges in September 2017.

Since then, mixed messages have been coming from Beijing. While financial institutions are not permitted to deal with crypto, it's not illegal for a person to hold it.

And when taken in conjunction with constant reports of anti-crypto moves, such as the proposed ban on Bitcoin mining, it's clear the Chinese government holds a standoff approach as far as cryptocurrency is concerned.

Trading recommendation:

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

#Crypto-currencies #Bitcoin #BTCUSD

Analytical expert

Petar Jacimovic

InstaFintech Group @ 2007-2025

FX.co ★ BTC analysis for May 19, 2020 - Strong resistance at the price of $10.000 is holding. Potential for the downside rotation towards the $9.090 and $8.150.

Forex Analysis

BTC analysis for May 19, 2020 - Strong resistance at the price of $10.000 is holding. Potential for the downside rotation towards the $9.090 and $8.150.