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This morning, it was reported that the BTC/USD pair failed to break the $6,640 and $6,700 resistance levels. It resulted in a downside move below the $6,550 support and the 100 hourly simple moving average. The price moved into a bearish zone as it cleared the important $6,500 support as well. (Source: newsbtc.com/2018/10/10/bitcoin-price-watch-btc-usds-support-turned-resistance/)
Bitcoin and Bitcoin Cash services firm Bitcoin.com is planning to buy or set up its own crypto exchange, the company’s CEO Roger Ver revealed in an interview with Bloomberg on October, 9. According to Ver, the upcoming crypto trading platform will be placed on the Bitcoin.com website, which is expected to generate a great amount of traffic via various services such as wallet transactions and news. Ver said the new platform will get "thousands or tens of thousands of new users every single day" through Bitcoin.com. (Source: cointelegraph.com/news/roger-ver-bitcoincom-may-launch-its-own-crypto-exchange)
The main accusation of the mainstream media against crypto is that it is "a currency that is hard to spend". According to a study published by the Bank of Netherlands in February, 2018, only two percent of online retailers accepted crypto, in spite of "substantial" interest. The UTRUST API is aimed at online and point-of-sale crypto acceptance worldwide. This set of tools will also include a conflict mitigation system, chargeback protection, and a proprietary cryptocurrency which increases purchasing power within the platform. While UTRUST has their sights set on assisting global retailers in the use of crypto it has decided to launch its business in Europe. (Source: cointelegraph.com/news/paypal-for-crypto-up-to-25-000-online-stores-in-germany-may-accept-digital-money-in-2019)
The following is a scheduled notification from the Osiris team. Our models have been working hard and smart on forecasting the market, and here are the most up-to-date predictions for the next 3 hours:
As usual, red, green and blue rectangles demonstrate predicted values of low, high and close, respectively, with corresponding confidence intervals, and the black arrow illustrates our trades.
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