BTC $4000 Rally? | Philippines Embracing Bitcoin | BIS Threatened By Crypto

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  • BTC $4000 Rally? | Philippines Embracing Bitcoin | BIS Threatened By Crypto

According to Coindesk technical analysis, the Bitcoin price chart has formed a bull flag and could rally to $4000. Traders should keep eyes open for key levels outlined in the article below.

https://www.coindesk.com/bitcoin-price-pattern-hints-at-short-term-rally-to-4k

 

The Philippines central bank has collaborated with Union bank to place a Bitcoin ATM at their headquarters, and make it easier for citizens to convert their pesos into and out of various cryptocurrencies. This falls in line with their favorable regulatory environment in the past.

https://bitcoinist.com/philippines-union-bank-bitcoin-atm/

 

The Bank of International Settlements is looking a tad worried about cryptocurrency these days, despite saying it posed no real threat as recently as October 2018. In a recent meeting of the Financial Stability Board, it was stated that crypto assets may challenge any financial framework. WONDERFUL!

https://cointelegraph.com/news/financial-stability-board-crypto-could-challenge-any-framework

 

Bitcoin Fees have dropped to 2014 levels despite high on-chain volume. As with anything in bitcoin, this news was met with a healthy mix of celebration and FUD. Read about it here:

https://cointelegraph.com/news/report-bitcoin-transaction-fees-fall-to-2014-levels

 

Follow the guy who started the Lightning network trust chain on twitter!

https://twitter.com/hodlonaut

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