Cryptocurrency: Visa plans crypto integration and that is good for the Bitcoin exchange rate (BTC)

After weeks of tough consolidation, the Bitcoin price is gradually moving. The leading crypto currency slipped 0.3 percent to $ 9,488 in a day-to-day comparison but is again circling the $ 9,500 mark for the first time in a month.

Visa plans to integrate cryptocurrencies into payment transactions. Is Bitcoin Facing Mass Adaption?
After weeks of tough consolidation, the Bitcoin price is gradually moving. The leading crypto currency slipped 0.3 percent to $ 9,488 in a day-to-day comparison but is again circling the $ 9,500 mark for the first time in a month. In a weekly comparison, the largest cryptocurrency by market capitalization can turn 4 percent up. So the Bitcoin price frees itself from its sideways movement with slow steps. The key crypto currency has been fluctuating in a range between $ 9,000 and $ 9,500 for around four weeks.

The daily chart has been contracted
Due to the unusually low volatility of the asset, the Bollinger Bands have contracted on the daily chart. The recent jump over the downtrend line of the past few weeks therefore marks a relief and could lay the foundation for a rally.
The tug of war between bears and bulls is likely to remain highly competitive. The hop over the downtrend line points the way towards the USD 10,000 mark. However, given that the $ 61.8 percent Fibonacci retracement is waiting as resistance at $ 10,048, the breakout above the key brand could only last for a short time.