What 1-hour chart says? Fundamental Development: If all goes to plan Wednesday’s SpaceX rocket launch in Florida will blast a “crypto-satellite” into low Earth orbit, paving the way for secure blockchain-related cryptography in spaceCryptosat, as the name hints, is the company which created “Crypto1”, a crypto-satellite module hitching a ride aboard a Falcon 9 rocket for SpaceX’s Transporter 5 mission. The blockchain satellite technology has already been trialed on the International Space Station.“We're basically joining the Uber of spaceflight,” co-founder of Cryptosat Yonatan Winetraub told Coin telegraph, “Everybody goes into the same orbit and we're one of the passengers.”“SpaceX launch a bunch of satellites, each one of them is doing something else,” he added, “It doesn't matter for our service, we are hoping to use our satellite to provide cryptographic services for our customers here on Earth which won’t interfere with the other satellites at all.”The Crypto1 satellite is a coffee mug sized module created using over-the-counter parts. In space it will provide a physically unreachable and tamper-proof platform from which blockchain and ledger applications can be launched.Co-founder Yan Michalevsky said this type of platform is the first off-world “root-of-trust” – a source which can always be trusted within a cryptographic system – which is “not dependent on other satellites by other companies” but actually provides the hardware in orbit, adding:
Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $30,600-$28,800 ranges.BTC is made low 28,600 and now consolidating within a range. Yesterday it made high near $29,600 and then it continue to climbed up to near 200 simple moving average. Bitcoin is struggling to gain momentum above $30,500.
Alternative Scenario: If bitcoin fails to clear the $30,200 resistance zone, it could start another decline. An immediate support on the downside is near the $29,100 level.
