Altcoins Crashing Hard Despite The Plunging Bitcoin

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Central Bank of Spain To Prioritize the Design and Study of a CBDC

The Central Bank of Spain published its Strategic Plan for 2020-2024, describing the objectives and strategies it will follow to boost its economy and adapt the country’s finances to the requirements of the modern era, and a CBDC is one of its priorities. The digital world is stealing the attention of the Spaniards. In its “ Analysis and research priorities for the Banco de España: 2020-2024 “, the Central Bank said it will prioritize the study of the legal, technological and financial framework surrounding the issuance of a possible CBDC to optimize the efficiency of banking processes. Publicamos las prioridades de análisis e investigación del @BancoDeEspana para 2020-2024 en el contexto de nuestro #PlanEstratégico https://t.co/dGbwsx7adc El gobernador #bdeHdeCos lo explica 📽️ https://t.co/81br6OLqpk #bdePrensa pic.twitter.com/iXFdUXPwGf — Banco de España (@BancoDeEspana) October 16, 2020 A Spanish Currency on a Cadena de Bloques ? In a chapter dedicated to the developme...
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Bitcoin Price Analysis: Huge Price Move Coming Up? Yes, According To These Indicators

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Before the weekend, we saw Bitcoin trading safely and easily on its way to $10,000. However, on our recent analysis two days ago, we had pointed out on some indicators that might put some bearish pressure on the cryptocurrency. Since then, we saw a correction of almost $300 down to a current daily low of $9130 (Bitstamp rate). On the bigger time-frame, in case this correction doesn’t go lower, it seems very healthy for the short-term since this level is a little above the 38.2% Fibonacci retracement level of the recent bullish move. As of writing these lines, Bitcoin had recovered nicely, and now the coin is back again inside the $9300 – $9400 confluence price zone. Overall, the short-term is still seeking for correction – unless the current 4-hour’s candle will close above the marked ascending trend-line (on the following chart, roughly around $9380); however, on the bigger time-frame, Bitcoin is on the right track North. In any case, Bollinger Bands, along with the declining dail...
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