Bitcoin analysis for 09/01/2019

The militant leader of the Maltese opposition, Adrian Delia, faced strong opposition to his criticism of the government’s pro-cryptocurrency attitude. Delia’s comments have been reported by the national newspaper.

Malta, whose president Joseph Muscat regularly praises both cryptocurrencies and Blockchain technology, strives to make Malta a “Blockchain island”. Despite signing many contracts and willingly accepting cryptographic companies, such as the crypto exchanges, Delia is not convinced of the current direction.

According to the newspaper, who did not directly quote Delia, he believed that “Malta was advertised by the government as the Bitcoin island, but the government practically remained silent during Christmas almost anything. “

His comments were answered by the Maltese Parliamentary Secretariat for Financial Services, Digital Economy and Innovation, claiming that cryptocurrencies such as Bitcoin, the capital of Malta – Valletta – will give more peace of mind and protection. Efforts were also made to ensure that the public was well informed about potential fraud in the industry, the Secretariat added. In October, Malta was one of seven European Union Member States that signed a Declaration promoting the use of Blockchain.

Delia is currently facing separate calls to resign from her position regarding allegations of domestic violence. The politician replied to the allegations adding that he would remain in office.

Let’s now take a look at the BTC/USD technical picture at the H4 time frame. The market has tested the level of $4,053, but reversed towards the nearest technical support at the level of $3,881. Currently, the price is trading inside of a narrow range as it awaits another trigger to carry on higher. The target for bulls is seen at the level of $4,200 and at $4,230.

The material has been provided by InstaForex Company – www.instaforex.com

Source:: Bitcoin analysis for 09/01/2019