Bitcoin started a steady increase above the $42,000 resistance against the US Dollar. BTC tested the $43,400 zone and recently corrected lower. Bitcoin started a downside correction after a test of $43,400. The price is trading above $42,000 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $41,950 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must stay above the $41,500 support zone to remain in a positive zone. Bitcoin Price Remains In Uptrend Bitcoin price started a steady increase after it cleared the $42,000 resistance zone. BTC gained pace for a move above the $42,500 level and settled above the 100 hourly simple moving average. The upward move was such that the price even broke the $43,200 resistance. It traded as high as $43,402 and is currently correcting lower. There was a move below the 23.6% Fib retracement level of the recent increase from the $40,510 swing low to $43,402 high. However, the bulls are defending the $42,000 support zone. There is also a key bullish trend line forming with support near $41,950 on the hourly chart of the BTC/USD pair. The trend line is close to the 50% Fib retracement level of the recent increase from the $40,510 swing low to $43,402 high. On the upside, the price is facing resistance near the $42,800 level. The next major resistance could be near the $43,000 zone. A successful break and close above the $43,000 level might start another steady increase. Source: BTCUSD on TradingView.com In the stated case, the price might rise towards the $43,500 level. Any more gains could send the price towards the $44,200 level in the coming sessions. Downside Break in BTC? If bitcoin fails to clear the $43,000 resistance zone, it could correct further lower. An immediate support on the downside is near the $42,000 zone. The next major support is seen near the trend line and the 100 hourly SMA. The main support sits near the $41,500 zone (the previous breakout zone). A downside break below the $41,500 support zone could push the price further lower towards $40,500. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $42,000, followed by $41,500. Major Resistance Levels – $42,800, $43,000 and $43,500.

The U.S. government on Monday once again cautioned of potential cyber attacks from Russia in retaliation for economic sanctions imposed by the west on the country following its military assault on Ukraine last month. "It's part of Russia's playbook," U.S. President Joe Biden said in a statement, citing "evolving intelligence that the Russian Government is exploring options." The development

Different Bitcoin wallets have multiple options for whether to send an on-chain or a lightning payment which can be confusing to inexperienced users.

El Salvador’s finance minister says the country is “ready” to issue its first so-called bitcoin bond, but still waiting for the right moment to do so.

The post El Salvador’s finance minister says the country is ready to issue a bitcoin bond, but the launch date remains unclear appeared first on The Block.

Axie Infinity in Tagalog could be around the corner as hinted by Nix Eniego, the PH Lead at Sky Mavis.

The post Nix Eniego Plans to Localize Axie Infinity Contents, Distribute it to FB Groups appeared first on BitPinas.

Analyzing the changes in average hash rate to measure miner capitulation in the bitcoin market can be a market indicator for miner capitulation.

Amazon Lex is a service for building conversational interfaces into any application using voice and text. With Amazon Lex, you can easily build sophisticated, natural language, conversational bots (chatbots), virtual agents, and interactive voice response (IVR) systems. You can now use industry grammars to accelerate IVR development on Amazon Lex as part of your IVR […]

SAN FRANCISCO–(BUSINESS WIRE)–Span.IO, Inc.—creator of the SPAN smart electrical panel and SPAN Drive smart EV charger—today announced the closing of its $90 million Series B funding round, bringing the Company’s total funding to date to $134 million. SPAN’s Series B funding round was led by Fifth Wall Climate Tech and Wellington Management. Other mission-aligned investors […]

The post Home Electrification Innovator SPAN Raises $90 Million in Series B Funding Round to Accelerate Next Generation of EV Charging and Electrification Products appeared first on Fintech News.

Honduras may be the next country to adopt Bitcoin as legal tender – a move that would rock the legacy establishment.

The post Honduras signals intent to follow neighboring El Salvador in making Bitcoin legal tender appeared first on CryptoSlate.

Day 1 of GDC 2022 is done and dusted! More licensed content for Walkabout Mini Golf? Dungeons in Zenith's next major content update? Read more here.

The US’s China Initiative has been expanded to focus not only on individual scientists with links to China but also on other foreign governments

The post US Department of Justice reframes controversial China Initiative appeared first on Physics World.

Help us to help you keep your device from becoming a “Billion Dollar Brick” and stop by our booth to hear more about our wolfSSL library, the wolfCrypt encryption engine, wolfBoot Secure Bootloader,...

(PRWeb March 23, 2022)

Read the full story at https://www.prweb.com/releases/2022/3/prweb18573937.htm