March 27 BTCUSD BingX Chart Analysis and Today's Headline

BingX’s Bitcoin Chart

Bitcoin is up 0.85 % over the last 24 hours and rose to an intraday high of $28186.40. The largest cryptocurrency has been trading around the $28,000 price level during the weekend, suggesting the investors are holding their position despite the concerns over Deutsche Bank. The upsloping 20-day exponential moving average ($25,941) and the relative strength index (RSI) in the positive area suggest the bulls remain in control. If the price manages to sustain above the $28,000 mark, the BTC/USDT pair could rise to $30,000.

Today’s Cryptocurrency Headline

Venezuelan Authorities Close Cryptocurrency Exchanges and Mining Farms

Since the arrest of Joselit Ramirez, the head of Venezuela's crypto assets, and President Maduro's order to reorganize the country's crypto regulators, the country's crypto ecosystem has been continuously hit hard. The new head of crypto assets has ordered the closure of all crypto exchanges registered with Venezuela’s national crypto asset regulator “Sunacrip.” While the move has yet to be officially confirmed, the Venezuelan National Cryptocurrency Association (Asonacrip) said the move is in the works because of an ongoing anti-corruption investigation in Venezuela. Prior to this, Sunacrip also announced that it ordered the closure of large cryptocurrency mining farms operating in several Venezuelan states.

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