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Crypto news:
While Ukraine's Ministry of Digital Transformation was only established in August of this year, it has been very active in the crypto field. For example, it recently partnered with Binance to jointly work on new crypto rules. However, the ministry wants to learn from its neighboring countries as well.
On Wednesday, the Ukrainian Government's online portal reported that the Ministry of Digital Transformation partnered with crypto exchange, Currency.com, a Belarusian service that is allegedly the first regulated exchange in the Commonwealth of Independent States (CIS) region to provide support for crypto currencies, fiat, and tokenized assets. On a side note, Ukraine is also part of the CIS.
The cooperation between the Ukrainian government and the Belarusian crypto exchange will touch upon IT legislation, including regulating crypto assets. Ukraine wants to adopt the Belarusian experience in managing the crypto space within a legal framework.
Technical analysis:
Bitcoin has been trading sideways at the price of $7.330. Anyway, my bearish view from yesterday didn't change. BTC reached and rejected of the very important resistance at the price of $7.650, which his good sign that sellers are still in control. In my opinion BTC did re-test of the broken bear flag pattern. Watch for selling opportunities and downward targets at $7.079, $6.889 and $6.561.
Stochastic oscillator is flag
Resistance levels are found at the price of $7.650 and $7.750.
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