Crypto Outlook by FX Giants

Bitcoin stands ground above $6,000. Can it withstand the intense selling pressure at price support?

Bitcoin opened higher against the US Dollar on the Monday session displaying a bullish appetite. It is now moving between our $6,643 (R1) resistance level and the (S1) $6,229 support level.

90% of the news on Cryptocurrencies are coming from a negative perspective and more specifically speaking are the headlines of articles on various websites.

It could be the case that more businesses are now hiring Crypto Currency experts as pair its regulatory perspective but also research wise.

In other news, various sources indicated that Bitmain Technologies, the cryptocurrency mining company, is filing for an initial public offering (IPO) with very high expectations.

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