The Securities and Exchange Commission (SEC) finally rejects Bitwise Bitcoin exchange-traded fund (ETF) after numerous delays. The SEC cited the Exchange Act and the inability of Bitwise to demonstrate the capacity to deal with fraud and market manipulation practices. Bitcoin price retreated towards $8,500 but recovery on the news but recovery is underway. Spot rate: $8,578 Trend: Short-term bearish Support: $8,400 and $8,200 Resistance: $8,600 and $8,800 Volatility: Low Read also: Â Cryptocurrency market update: Hope for a Bitcoin ETF handed a blow, Bitcoin, Ethereum and Ripple slash gains BTC/USD daily chart The Moving Average Convergence Divergence breaks out towards the positive region. The divergence suggests the bulls have control over the price. The support between $7,700 and $8,000 has been instrumental to the ongoing recovery targeting $9,000. BTC/USD 240′ chart Bitcoin breaks above the short-term trendline resistance as buyers push the throttle towards $9,000. BTC/USD consolidating within a flap pattern while gathering the strength to thrust towards $9,00. The MACD enters the positive region and the positive divergence shows that the upward action is far from over. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Forex News Today: Daily Trading News share Read Next EUR/USD: Probing key hurdle on trade optimism, ECB minutes eyed FX Street 3 years The Securities and Exchange Commission (SEC) finally rejects Bitwise Bitcoin exchange-traded fund (ETF) after numerous delays. The SEC cited the Exchange Act and the inability of Bitwise to demonstrate the capacity to deal with fraud and market manipulation practices. Bitcoin price retreated towards $8,500 but recovery on the news but recovery is underway. Spot rate: $8,578 Trend: Short-term bearish Support: $8,400 and $8,200 Resistance: $8,600 and $8,800 Volatility: Low Read also: Â Cryptocurrency market update: Hope for a Bitcoin ETF handed a blow, Bitcoin, Ethereum and Ripple slash gains BTC/USD daily chart The Moving Average Convergence Divergence breaks out towards the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
