It seems that the central banks have actively initiated the issue related to cryptocurrencies, bitcoin in particular. However, the actions of the monetary authorities of different countries are extremely diverse. The Bank of China prohibits and restricts while the ECB generally claims that it is not within its capacity, since cryptocurrencies are not a means of payment. On the other hand, Japan has already actually recognized bitcoin as a means of payment. And now the United States has joined the game. Although, the Fed is being aloof. Despite this, the Securities Commission is creating a unit that will monitor the cryptocurrencies. Apparently, its functions will also include the development of recommendations for the Fed. So far there has been no joint action among the largest central banks, and this gives us confidence that bitcoin still has the potential for growth.
Technical picture
As previously predicted, the narrow flat of 3850/3960 burst, leading to further movement towards the next point which is 4115. Now, we see how the quotation has already managed to overcome our coordinates and the "bullish" interest is gradually growing. It is okay to assume a probable further movement towards the next value of 4420. However, before this move, the quote for the time being will come down to 4115 to regroup its forces.
Earn on the movement of cryptocurrency with InstaForex, opening a deal in the MetaTrader4 trading platform.
