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Bitcoin {BTC} price analysis; the role of Brexit, Coinmine conducts fundraiser, bulls remain expectant


If we take a look at the candlestick chart for the BTC/USD pair on tradingview, we can note that the peaks for the awesome oscillator have turned green. Even though they remain below the zero line a change in trend may occur soon. For the 4-hour chart, the MACD line has begun to soar past the signal line, pointing to bullish momentum in play.

The RSI [for 10 periods] is at 41.41 and is recovering at a gradual pace. Support was established near the $9532 mark, and since then the king coin has grown. For now, BTC is priced at 10,335 with a climb rate of 3.75% noted. The Ichimoku Cloud [for the 4-hourly chart] is currently green, and further consolidation may occur.

CoinMine has raked in $2.5 million from M13, this investment was welcomed in the community. Coinmine One is a computer built specifically for mining, which is priced at $700.

Earlier, Robot Ventures had also chosen to invest in Coinmine during the first quarter of 2019. Brexit is essentially the act of the United Kingdom withdrawing their nation from the European Union. Euroscepticism has been a phenomenon that has gripped many souls across Great Britain.

Boris Johnson is the Prime Minister which may bring about a no-deal Brexit. Some believe that after October, the price of Bitcoin will soar due to the aforementioned change. Will Boris act as the deliverer as his predecessor [Theresa May] failed miserably at the helm of U.K?

The Financial Conduct Authority has proposed a blanket ban on cryptocurrencies. This proves that the lawmakers even in Western nations remain unsure about the benefits of blockchain technology.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.