A number of Chinese state-owned banks’ branches in Hong Kong have started offering services to local cryptocurrency companies, Bloomberg reported on Monday, as the city welcomes a growing list of cryptocurrency and digital asset firms looking to expand or relocate to the city.
Bitcoin is gaining pace above the $23,500 and $24,000 resistance levels.
The price is trading above $24,000 and the 100 hourly simple moving average.
There was a break above a couple of continuations pattern at $22,900 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could continue higher if there is a clear move above $24,800 and $25,000.
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