Bitcoin just took a huge leap towards becoming a more legitimate and trustworthy crypto currency. Yesterday, on May 19th, The New York Stock Exchange announced that they will begin monitoring the Bitcoin price against the US dollar just like any other foreign currency pair.
“Bitcoin values are quickly becoming a data point that our customers want to follow as they consider transacting, trading or investing with this emerging asset class”
What this means for us?
It’s very likely that the BTC/USD pair will soon skyrocket because that has always happened with high impact news like this one in the past. We have already witnessed a solid bullish candle close just after the news was published to the world.
The only thing to look out for at this time is the resistance level 234.394. Until this is broken we can’t really be sure where the price decides to go.