Bitcoin analysis for 19/09/2017

Bitcoin analysis for 19/09/2017:

More and more universities in Russia are introducing additional courses to existing curricula. Financial directions were enriched with classes on cryptocurrencies, Bitcoins and blockchain technology. This is the first time such items have appeared in college offers. This was due to the growing demand among financial students. According to Russia Today, many leading universities in Russian Federation for the first time this year will start offering special courses and courses in master’s studies dedicated to cryptocurrencies and the blockchain technology. Courses are to be included in existing curricula in the academic year 2017/2018. The list of the universities is: National University in Moscow (MSU), High School of Economy (HSE), Economic University in Sankt Petersburg (SPBGEU), Moscow Institute of Physics and Technology (MIPT), and The National University of Science and Technology (MISIS).

Let’s now take a look at the Bitcoin technical picture on the H4 time frame. So far the bull camp has been too weak to violate the dashed trend line around the level of $4,000 and the price was rejected. It bounced from the nearest support at the level of $3,868, but the market conditions are still looking overbought. Nevertheless, the recent $1,000 rally from the lows is still impressive and might lead to the further appreciation of the Bitcoin.

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Source:: Bitcoin analysis for 19/09/2017