Technical analysis of Bitcoin course BTC / USD 20.10.2018

Good evening, dear friends!

Let's start with interesting news:

“Huobi Exchange has released a Stablecoin for commission-free conversion between PAX, TUSD, GUSD and USDC. Huobi's Singapore crypto-exchange allows users to easily switch between hosted Stablecoin via HUSD”.

It seems that the dominance of Tether in the market is coming to an end. In general, the topic was cool. The guys launched their machine for the production of money and for several years remained out of competition. But, as they say, all good things come to an end ...

Following Huobi, the rest will follow, a matter of time. Incidentally, note that there is no USDT among these stablecoins.

In a market that is not a surprise, silence. The middle of the Keltner Canal and the regiment at $ 6,450 turned out to be too tough for buyers. Yes, there is an accumulation, but, traders do not believe in growth from the current position, so the decline continues. I think that in the coming days we will go to test support for $ 6,250. We have a weekend ahead, so I don’t expect any special events on the market.

I wish you all a good weekend and profitable deals!

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