{"id":369033,"date":"2019-01-23T19:00:04","date_gmt":"2019-01-23T19:00:04","guid":{"rendered":"https:\/\/wncen.com\/?p=369033"},"modified":"2024-06-11T21:14:26","modified_gmt":"2024-06-11T21:14:26","slug":"bitcoin-price-analysis-btc-liquidity-pennsylvania-texas-clarity","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-analysis-btc-liquidity-pennsylvania-texas-clarity\/","title":{"rendered":"Bitcoin Price Analysis: BTC Liquidity, Pennsylvania, Texas Clarity"},"content":{"rendered":"
After yesterday\u2019s higher highs, Bitcoin is poised to extend their gains today. Gains are low but up from yesterday\u2019s lows meaning our previous BTC\/USD trade plan is valid. If our projections are accurate, then we expect BTC prices to retest $4,500 and $5,000.<\/em><\/p>\n There is a changing wave across the US. First, it was Texas, then Wyoming and now The Pennsylvania Department of Banking and Securities (\u201cDoBS\u201d) is responding<\/a> to inquiries on whether the Money Transmitter Act (MTA) and more specifically, if the Money Transmission Business Licensing Law, applies for entities keen on delving into the crypto exchange business.<\/p>\n While answering \u201cmultiple inquiries<\/em>,\u201d the DoBS started by defining what money is while remaining categorical that under the MTA, Bitcoin is not money. They further expounded that businesses must comply with MTA requirements whenever fiat currency is involved.<\/p>\n Virtual exchanges, they note, are unique because they are facilitators and are don\u2019t in any way handle fiat currency\u2014classified as money under the MTA. This is so because exchanges only permit buying and selling of assets. As a result, they are not money transmitters and need not apply for Money Transmitter Business license to operate.<\/p>\n <\/p>\n The current trajectory is upwards. After yesterday\u2019s bull pin bar and a spike in participation levels, traders expect prices to surge. Nonetheless, today\u2019s price action could trend in limited ranges after yesterday\u2019s bounce off $3,500.<\/p>\n All these are projections based on hard figures. Moreover, from the chart, the rejection of lower lows from off a critical Fibonacci level mean there is underlying demand. Therefore, prices could snap back to trend and rally towards $4,500.<\/p>\nBitcoin Price Analysis<\/h2>\n
Fundamentals<\/h4>\n
Candlestick Arrangements<\/h4>\n