Bitcoin saw a decrease of -1.76%. Good news for the crypto market, India lifted the crypto banking ban which was previously in place. Enthusiasts say that it is a won battle but the war is not over. India has a huge potential with regard to mining capabilities and access to a trillion dollars economy. Should we expect a potential captial inflow and thus price appreciation?
Current support/resistance: $8'500/$8'900
MACD is slowly converging towards 0 giving the impression of a potential trend reversion. The RSI remains below average. The distance between SMA(20) and SMA(200) remains but seem to slowly converge to the golden cross.
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