The bitcoin course continues to decline after the break of the lower boundary of the rising channel, as well as after the exit yesterday from the triangle, on which it was possible to leave hope for the growth of bitcoin in the near future.
The problems around Bitcoin Cash also do not allow many traders to "live peacefully". Given that until now it has not been possible to stabilize the hashed due to the complexity adjustment problem, which occurs only in one direction, many traders and miners are experiencing difficulties with the sharp increase and fall of the Bitcoin Cash rate. Resetting the complexity of mining in the BCH blocker will allow increasing the extraction of coins, which leads to an acceleration of inflation and a corresponding drop in the rate.
Interesting news was the decision of the UAE to introduce its own crypto-currency. According to the authorities, this will allow citizens to pay for various services using digital currencies. At the same time, the regulation of these flows will be carried out at the state level, which will allow controlling the situation and avoiding problems in the future with a more widespread distribution of crypto-currencies. Let me remind you that the same proposal was made by the deputies of the Russian Federation.
The signal to buy Bitcoin (BTC):
Buyers will seriously expect to hold the rate above the level of 4120. It is possible that an unsuccessful attempt of its breakdown with a rebound from the lower boundary of the descending channel will lead to an increase in demand for bitcoin and its return to the upper channel 4242, where a number of medium moving. If the cue-ball falls below 4120, it's best to go back to the purchases in area 4010 and 3951.
The signal for Bitcoin sales (BTC):
Sellers will closely monitor the level of 4120, as its breakdown may lead to a larger dip to area 4010 and 3951, where I recommend fixing profits. If the cue ball grows, it is best to return to sales from a large resistance 4242.
