Bitcoin continued to strengthen on Wednesday, hitting a new high of $64,444 and is currently trading at $63,900. The first-day trading volume of the first Bitcoin futures ETF in the United States set the second highest record in history. The total scale of Grayscale Asset Management exceeded USD 54 billion. The British FCA surveyed 75% of young people who invest in cryptocurrency as a comparison. Iran will pilot the national cryptocurrency. Deputy Minister of Foreign Affairs of Russia: Digital assets may replace the U.S. dollar in foreign exchange reserves, and Russia is considering using natural gas-related products for cryptocurrency mining.
From a technical perspective, Bitcoin’s daily candle closed with bullish marubozu candle. Bullish sentiment in the market is strong. If Bitcoin manage to breakthrough $65.000 then it will increase quickly. H4 graph shows that Bitcoin broke through a triangle pattern and is bullish. Overall prioritise Buy position. We do not recommend taking a sell position. If there is a breakthrough, traders can consider taking Buy position. The chart below is showing the key point and the estimated trend, the deciding point whether to buy or sell is near 65.000.
Resistance：65000-66000-68000
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