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BTC/USD Given from 34814 Area: Sally Ho’s Technical Analysis 31 January 2021 BTC

BTC/USD Given from 34814 Area: Sally Ho's Technical Analysis 31 January 2021 BTC > News > BTC/USD Given from 34814 Area: Sally Ho’s Technical Analysis 31 January 2021 BTC

Bitcoin (BTC/USD) moved higher early in today’s North American session as the pair strengthened to the 34232.40 area after trading as low as the 33230.78 area during the European session, with the intraday low representing a test of the 100-hour simple moving average.  Chartists observe that BTC/USD traded as high as the 34814.59 area during the Asian session, and that the intraday high during the North American session represents a test of the 61.8% retracement of the depreciating range from 34814.59 to 33230.78.  The pair climbed as high as the 38664.33 area late last week before depreciating, and chartists observe some intraday technical resistance around the 34224.37 level, representing the 23.6% retracement of the depreciating range from 38664.33 to 32852.86.  If BTC/USD continues its upward momentum, additional upside price objectives include the 38799.44 and 39022.77 levels.  If BTC/USD is able to extend recent gains to the upside, additional upside price objectives include the 42309.01, 42701.91, 42803.53, 43447.48, and 43617.07 levels. 

Traders also note that Stops were recently elected above the 35943.73, 36480.83, and 36854.45 areas as well, upside price objectives related to previous buying pressure around the 17580, 16200, and 9819.83 levels and the sell-off intensified below these areas during the recent depreciation.   During the recent move higher, Stops were recently elected above a series of additional upside price objectives, including the 40517.80, 40667.76, 40991.44, 41200, 41267.10, and 41489.74 levels.  Following the recent depreciation, additional areas of potential technical support include the 28148.19 and 27421.33 levels.  Traders are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and below the 200-bar MA (4-hourly).   Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly).

Price activity is nearest the 100-bar MA (4-hourly) at 34040.41 and the 50-bar MA (Hourly) at 34423.32.

Technical Support is expected around 29783.19/ 29093.19/ 28847.31 with Stops expected below.

Technical Resistance is expected around 42309.01/ 42701.91/ 42803.53 with Stops expected above.  

On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.

On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.                                                                                                                                                   

Disclaimer: This trading analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

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Visa May Add Cryptocurrencies to Its Payments Network

Visa May Add Cryptocurrencies to Its Payments Network

Visa sees two classes of digital assets. New assets, like Bitcoin (BTC), are “digital gold.” Fiat-backed currencies, as well as stablecoins and central bank digital currencies, represent another class.

On Thursday, US fintech giant Visa Inc (NYSE: V) released its earnings report for its Q1 in the 2021 fiscal year and conducted a Q1 earnings call, where its CEO Alfred Kelly spoke on the company’s plans regarding cryptocurrencies. According to Kelly, the company is planning to make cryptos more “safe, useful, and applicable” and add them to its payments network.

Alfred Kelly stated:

“Our strategy here is to work with wallets and exchanges to enable users to purchase these currencies using their Visa credentials or to cash out onto our Visa credential to make a fiat purchase at any of the 70 million merchants where Visa is accepted globally.”

He further added:

“Today, 35 of the leading digital currency platforms and wallets have already chosen to issue Visa, including coin-based, BlockFi, Fold and BitPanda. These wallet relationships represent the potential for more than 50 million Visa credentials. The next leading network has a fraction of that. It goes without saying to the extent specific digital currency becomes a recognized means of exchange, there’s no reason why we cannot add it to our network, which already supports over 160 currencies today.”

During the earnings call, Kelly also explained that Visa sees two classes of digital assets. New assets, like Bitcoin (BTC), are “digital gold.” Fiat-backed currencies, as well as stablecoins and central bank digital currencies, represent another class. As Kelly said, they are “an emerging payments innovation that could have the potential to be used for global commerce.”

As for the nearest plans, Visa is intending to work with wallets and exchanges to enable its users to buy cryptocurrencies. It also wants to allow cashing out and making fiat purchases with crypto.

For the first quarter of 2021, Visa reported an Earning Per Share (EPS) of $1.42 on revenue of $5.69 billion as against the expected drop in the EPS to the tune of 13% to $1.27. Besides, Visa saw a 5% growth in its services revenue to $2.68 billion in Q1. It also reported a 6% boost in its data processing revenue to $3.03 billion. However, the earnings report showed a decline in the international transaction revenue by 28% to $1.45 billion.

As Visa pointed out, its Q1 results demonstrate the company’s recovery from the COVID-19 crisis. In some regions and countries, its operations are recovering fast, while others are holding steady. Its cross-border travel volume, both card-present and card-not-present, is still down almost 70% relative to where it might have been at this point. However, in general, the quarter was stronger than expected.

What future awaits cryptocurrencies?

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Daria is an economic student interested in the development of modern technologies. She is eager to know as much as possible about cryptos as she believes they can change our view on finance and the world in general.


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Brokerage-tochter Der Crypto Finance Erhält FINMA Bewilligung Als Wertpapierhaus

Brokerage-tochter Der Crypto Finance Erhält FINMA Bewilligung Als Wertpapierhaus

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Die Crypto Finance Gruppe, eine führende Crypto Asset Dienstleisterin im Finanzsektor, gibt den Erhalt der FINMA Wertpapierhausbewilligung für ihre Brokerage-Sparte Crypto Broker AG bekannt. Die Bewilligung wird es der Crypto Finance Gruppe ermöglichen, neue Produkte, Dienstleistungen und Handelsfunktionalitäten anzubieten, welche den Anforderungen der Finanzmarktaufsicht entsprechen. Mit der zunehmenden Nachfrage können sich institutionelle Kunden auf einen etablierten, FINMA regulierten Partner verlassen, um ihr Geschäft im Bereich Crypto Assets und digitale Vermögenswerte auf- und auszubauen.

ZÜRICH, 1. Februar 2021 /PRNewswire/ — Die Brokerage-Sparte der Crypto Finance Gruppe, die Crypto Broker AG, hat von der Schweizer Finanzmarktaufsicht FINMA die Bewilligung als Wertpapierhaus mit bilateralem Handelssystem erhalten. Die Bewilligung ist eine Anerkennung der konsequent professionellen Herangehensweise im Handel mit Crypto Assets, der Bereitstellung von Liquidität und der Innovation von Finanzdienstleistungen. Die Gruppe wird somit zum idealen Partner für institutionelle Investoren und führende Finanzdienstleister. Dieser bedeutende Meilenstein folgt auf ein überaus erfolgreiches Jahr für die Gruppe, in dem der Crypto Broker Vermögenswerte im Gegenwert von über einer Milliarde US Dollar gehandelt und sich für zukünftiges Wachstum gerüstet hat.

Der Crypto Broker ist einer der wenigen Händler für Crypto Assets weltweit, der dieselben Zulassungsvoraussetzungen wie ein traditionelles, an den etablierten Finanzmärkten tätiges, Wertpapierhaus erfüllt. Die Bewilligung erlaubt mit Rechtswirksamkeit zudem die Erschliessung neuer Geschäftsfelder, wie etwa den Handel mit Security Tokens.

«Der Erhalt der Bewilligung als Wertpapierhaus für den Crypto Broker ist ein entscheidender Schritt für uns. Dadurch wird der Einsatz unserer professionellen – und regulierten – Dienstleistungen für Finanzinstitute möglich. Somit können wir sie beim Einstieg und Ausbau in diese neue Anlageklasse unterstützten. Gleichzeitig ist dies eine Anerkennung für das Engagement und die Expertise unseres Teams», sagt Jan Brzezek, Gründer und CEO der Crypto Finance Gruppe.

Rupertus Rothenhäuser, CEO der Crypto Broker AG, fügt hinzu: «Die heutige Bekanntgabe ist ein Meilenstein bei der Verwirklichung unserer Vision: Die Erbringung von professionellen Dienstleistungen und innovativen Produkten für das aufstrebende Universum der digitalen Vermögenswerte. In Anbetracht des exponentiellen Wachstums bei unseren Kunden erwarten wir eine weitere Expansion unserer Geschäftstätigkeiten im laufenden Jahr.»

Über die Crypto Finance Gruppe

Die Crypto Finance Gruppe bietet Banken und professionellen Anlegern Produkte und Dienstleistungen für Crypto Assets, die sich durch Qualität, Zuverlässigkeit und Sicherheit auszeichnen. Die Crypto Finance Gruppe erbringt FINMA-regulierte Dienstleistungen in der Crypto Asset Vermögensverwaltung und 24/7 Brokerage sowie darüber hinaus auch Verwahrungs- und Tokenisierungslösungen.

Kontakt: Yara Ainsworth, T +41 41 552 45 31, [email protected] 

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SOURCE Crypto Finance AG


Author: Crypto Finance AG

BTC/USD Given from 34814 Area: Sally Ho's Technical Analysis 31 January 2021 BTC

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