Bitcoin Today

BTCUSD spent the last day in a narrow channel, gradually rising above the 6800.0 level. For now, the main resistance stays 7000.0 level. From the below, the breakthrough of the 6425.0 level will lead the price to the 6000.0 resistance. Low volatility on the Bitcoin associated with the approaching Tax Day in the US (planned on 17 August).

Today forecast: Trading in 6650.0 – 7000.0 zone; Break below the 6450.0 level will lead the price to the 6000.0 low.

Latest news:

• Tax Day in Uthe SA. Tax Day in the United States falls on April 17 in 2018, which is next Tuesday. And to make a long story short, lots of Americans owe the IRS money because of cryptocurrency profits, and Tax Day is the last day to pay the money you owe without possible penalties and interest. According to a recent report by Tom Lee, head of research at Fundstrat Global Advisors, there's roughly $25 billion in tax liability among U.S. households for cryptocurrency gains.
  
• Canada’s Bank of Montreal bans cryptocurrency purchases. The Bank of Montreal has now become the latest to join the wagon of the banks that do not dig the cryptocurrency craze. The growing users of cryptocurrencies in Canada are now forced to seek alternatives methods to support their investments, for example, LocalBitcoins. Most major banks in Canada for instance, Toronto Dominion (TD Bank) and the Royal Bank of Canada have blocked their customers from purchasing cryptocurrencies.
  
• Europol Takes Down Major Bitcoin Money Laundering Network. On Monday, the European Union Agency for Law Enforcement Cooperation (Europol) announced that it had arrested 11 people and identified 137 suspects potentially involved in a criminal network utilizing cryptocurrencies and credit cards to launder money from illegal drug sales. According to reports, Europol’s operation has been named Tulipan Blanca was carried out by the Spanish security forces, which received additional support from Finland and the US Homeland Security Department.