BitDigest April 15 · Issue #637

• Crypto prices unchanged overnight
• Reports are flying out of China that its central bank digital currency has gone into testing across four different regions and its national blockchain network will go live today
• The FBI is the latest national security organization to warn about an increase in crypto scams related to the COVID-19 pandemic.

TechnicalRoundup’s weekly view on bitcoin/dollar is bearish based on bitcoin’s recent difficulty in closing above $7,000. “Nevertheless, as time has progressed, a counter-argument is starting to emerge. Bitcoin/Dollar has been testing the $7000 area for several consecutive weeks now, and no strong rejection has materialized. This could be interpreted as evidence of weakening resistance following recurring tests.”

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