Bitcoin Today: 9000.0 - false breakthrough, or stay?
Price
A breakthrough above the 9000.0 level, which coincides with 100-days EMA, was accompanied by a noticeable volume jump. Today peak of volume distribution lies near to the 9250.0 price, which is halfway to the next resistance level 9500.0. The longer BTCUSD will hold above the 9000.0 level – the more confidence buyers gain to continue buying in anticipation of the 10000.0 breakthrough. Nonetheless, it is worth to remember that Friday will be the last day of the trading for April Bitcoin Futures on CME. It is believed that the approach of the closure and settlement dates on Bitcoin Futures contracts causes high volatility of Bitcoin as settlement is made in dollars, and the parties may need to sell large volumes.
Today forecast
Trading in 9000.0 – 9500.0 zone.
Latest News
A breakthrough above the 9000.0 level, which coincides with 100-days EMA, was accompanied by a noticeable volume jump. Today peak of volume distribution lies near to the 9250.0 price, which is halfway to the next resistance level 9500.0. The longer BTCUSD will hold above the 9000.0 level – the more confidence buyers gain to continue buying in anticipation of the 10000.0 breakthrough. Nonetheless, it is worth to remember that Friday will be the last day of the trading for April Bitcoin Futures on CME. It is believed that the approach of the closure and settlement dates on Bitcoin Futures contracts causes high volatility of Bitcoin as settlement is made in dollars, and the parties may need to sell large volumes.
Today forecast
Trading in 9000.0 – 9500.0 zone.
Latest News
- Goldman Sachs Names Crypto Trader Justin Schmidt Head Of Digital Assets. Goldman Sachs Group Inc. has made its first crypto-specific appointment with Justin Schmidt, a former cryptocurrency trader, as the financial services giant aims to explore creating a bitcoin trading desk, reports said.
The bank spokeswoman Tiffany Galvin-Cohen was quoted as saying Schmidt joined the bank as a vice president and head of digital asset markets in the firm's securities division in New York on April 16.
Schmidt, who is a computer science graduate from the Massachusetts Institute of Technology, previously worked at quantitative trading firms Seven Eight Capital LLC and WorldQuant LLC.
- Cboe Exchange Wants to Lower Its Bitcoin Futures Prices. The Cboe wants to change the way it prices bitcoin futures contracts, a move that comes just months after the exchange operator first debuted its inaugural cryptocurrency product.
In a newly published letter to the Commodity Futures Trading Commission (CFTC) dated April 17, CBOE Future Exchange (CFE) managing director Matthew McFarland announced a proposed rule amendment that would lower the minimum increment on its futures contracts from 10 points (worth $10) to 5 points (worth $5) sometime on or after May 1.
The move will have a "positive impact on the market in XBT futures," McFarland wrote.
