The boxes on the chart show the start of Ghost Month towards the actual Festival date. The effect post … Asia and more so China are the epicenter of Bitcoin volume. I believe that Magi astrology has shown us many big things in advance with Bitcoin. However one must respect Chinese traditions too since they are a key market maker/mining force. Bitcoin Mining Epicenter Found In Rural Wenatchee, Washington CNBC Videos 21 Total views 32 Comments CNBC’s Michelle Caruso-Cabrera goes behind the scenes at a bitcoin mining operation in the U.S. Bitcoin’s daily chart shows price does not appear to have backtested the 200-day MA as support yet. The coin also appears to have stopped right at the 300-day MA, not quite reaching the red zone of possible resistance above. The McGinely Dynamic sits below as a potential support and is starting to curl upward following bitcoin’s move. Crypto Projects Choose Asia. As it stands, South Korea, Hong Kong, Japan, Singapore, and China are responsible for many of the blockchain developments that come out of Asia—thanks to their progressive stance on cryptocurrency and blockchain regulations, and willingness to give developing platforms the breathing room they need to thrive. Key levels to look out for on the Bitcoin chart are at $5,000, $4,250 and $3,150, although a clear break above $5,600 could provide a set-up for a bounce to the upside. For more news, guides and cryptocurrency analysis, click here. Bitcoin pricing. Current live BTC pricing information and interactive charts are available on our site 24 hours a day.
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