Crypto Industry News:
Canadian law enforcement reports that the homes of wealthy cryptocurrency investors have become the target of burglars. Both Delta Police and the Royal Canadian Mounted Police have issued warnings after dealing with a number of such cases over the past year.
In the last 12 months, there have been many burglaries into the homes of wealthy cryptocurrency investors in Canada. From the press release we learn that both the Delta Police and the Royal Canadian Mounted Police (RCMP) of Richmond have responded to many such incidents.
"It looks like someone is targeting these victims in order to get cryptocurrencies," stated Staff Sergeant Gene Hsieh of the RCMP.
Authorities chose not to divulge specific details, including the number of assets stolen, but mentioned that "large sums" were involved. The investigation is currently ongoing. One arrest has already been made, but it is not clear if the person arrested is linked to other home break-ins. It is possible that there is a gang in Canada that deals with this type of practice.
According to law enforcement officials, the burglars had a lot of knowledge about their victims. It's like they've been following them for a long time.
"The suspects seem to know that the victims are investing in cryptocurrencies, they know where they live and they are robbing them in their own homes," noted Staff Sergeant Jill Long of Delta Police Investigative Services.
Technical Market Outlook:
The BTC/USD pair has been seen testing the key short-term technical support located at the level of $29,623. So far the bulls are bouncing up from the level, but in a case of a breakout lower, the next target is located at $28,446 (this level will work as the technical support and the line in sand for bulls). The intraday technical resistance is seen at the level of $30,447. The momentum is neutral which is a good indication for bulls as any breakout above the level of fifty would trigger another leg to the upside targeting the intraday technical resistance seen at $30,447.
Weekly Pivot Points:
WR3 - $30,622
WR2 - $30,209
WR1 - $29,962
Weekly Pivot - $29,796
WS1 - $29,549
WS2 - $29,383
WS3 - $28,940
Trading Outlook:
The bulls broken above the gamechanging level located at $25,442, so now the mid-term outlook for BTC is bullish. The last pull-back has reached the 38% Fibonacci retracement and the market is ready to continue the up move. The next target for bulls is seen at the level of $32,350. As long as the level of 19,572 is not clearly violated, there is a chance for a long-term up trend to continue.
