Crypto Industry News:
The number of cryptographic ATMs around the world has increased to over 7,000, with devices in 75 countries.
At present, CoinATMRadar has added 7,014 existing cryptocurrency ATMs. This number also includes devices that support digital currency other than Bitcoin, including assets such as Bitcoin Cash, Ethereum, Dash and Litecoin.
The world saw its first Bitcoin ATM in 2013, when a company called Robocoin placed a unit in a Vancouver coffee shop.
Currently, 42 different manufacturers are responsible for 4,200 global cryptographic ATMs. CoinATMRadar data shows that only two locations support Robocoin ATMs. Genesis Coin is headed by ATMs in 2,348 locations.
On average, approximately 11.7 new cryptographic ATMs are installed every day, according to CoinATMRadar data from the last seven days. Last fall, Bitstop joined forces with a huge US-based shopping center operator, Simon Malls, to launch five ATMs in five separate shopping centers served by the operator. Miami Florida International Airport also received a Bitstop ATM from the second half of 2019.
Technical Market Overview:
All of the last bounces on Bitcoin were shallow so far, but bulls are still trying to break above the local high at the level of $8,920. The momentum is now increasing, but is still weak and negative, so another wave down might happen any time now. The next target for bears is seen at the level of $8,405 and the key short-term technical resistance is seen at the level of $9,013.
Weekly Pivot Points:
WR3 - $10,789
WR2 - $10,332
WR1 - $9,212
Weekly Pivot - $8,808
WS1 - $7,687
WS2 - $7,218
WS3 - $6,064
Trading Recommendations:
The market might have made the first impulsive wave up of a higher degree. This strategy is valid as long as the level of $7,582 is not violated. Nevertheless, the larger timeframe trend is still down and all the shorter timeframe moves are still being treated as a counter-trend correction inside of the uptrend until the level of $10,433 is clearly broken.
