Central banks are increasingly pressing on crypto-currencies. After the Bank of China, which imposed strict restrictions, in particular on Bitcoin, the ECB entered the game. Mario Draghi said that the regulation of the crypto-currency is not within the authority of the ECB which should please investors. However, the head of the ECB explicitly stated that crypto-currencies cannot be payment means since in Europe such is only a single European currency. Nevertheless, despite the statements of Mario Draghi, the ECB has already developed its recommendations for the regulation and supervision of crypto-currencies, which were transferred to the European Commission. Consequently, the ECB has begun to develop a regulatory framework that will clearly limit crypto-currencies.
Technical picture
As already discussed yesterday in the review, the Bitcoin, after convergence with the first value of 4000 went into a rollback, which moved into a narrow flat 3850/3960, where to this day the quotation is developing. Probably assume that such a clear contraction will not last long and volatility will return to the market. Forecasts for this time remain the same, moving to the second coordinate of 4115. The trading position is better to put above the value of 4000, operating with moderate lots.
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