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Bitcoin analysis for May 6, 2021

Looking at the chart on the four-hour time frame, we see that yesterday Bitcoin managed to consolidate at a price of around $ 54,000 at 38.2% Fibonacci level, and after that, it then went up to the current $ 57,100. We are now paying attention to the zone around $ 58,000 and 61.8% Fibonacci levels. Bitcoin is also now fighting for support in moving averages, testing now the MA200 and EMA200. The break above directs us to the $ 60,000 psychological level, followed by the 78.6% Fibonacci level to $ 62,000.
If Bitcoin fails to cope with the $ 58,000 zone and starts to weaken, we will go back down again in the $ 54,000 support zone. Looking at the MACD indicator, we see that the blue MACD line crossed over the signal line and entered the green zone of the indicator, giving us a bullish signal for a potential continuation of the growing trend.
Hundreds of banks in the United States will soon offer Bitcoin services to their customers. NYDIG and Fidelity National Information Services have joined forces with a new range of services. Customers of US banks will be able to buy, hold and sell BTC through their existing accounts. Crypto trust company NYDIG has partnered with fintech company Fidelity National Information Services (FIS) to enable hundreds of banks in the United States to offer Bitcoin-related services in the coming months. The two companies will provide a framework for US banks to offer cryptocurrency services to their clients.
Bitcoin analysis for May 6 Patrick Sells, head of banking solutions at NYDIG, said hundreds of banks have already applied for the program, most of them smaller financial institutions. Sells said the company is currently in talks with major U.S. banks about participating in the program. As smaller banks begin to offer crypto trading to retail customers, large institutions such as Bank of America and JPMorgan may be encouraged to enter. According to research commissioned by NYDIG, more people would own Bitcoin if they could do so through their existing banks, allowing them to see their financial assets through a single account.
Customers would rather avoid registering with a separate institution and finance the account with a cash transfer that could take days. There is no doubt that the demand for Bitcoin has increased in the last few months as banks rush to offer customers exposure to the leading cryptocurrency. So far, most crypto-related services are only available to wealthy clients, including Goldman Sachs’ latest offering.
The investment banking giant is preparing to offer its private clients’ wealth management – with at least $ 25 million in assets under management – investments in cryptocurrencies. Cryptocurrency exchanges, such as Coinbase, have benefited from rising cryptocurrency demand from retail customers, as the leading cryptocurrency has climbed to its peak this year.

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