Crypto Industry News:
MasterCard has officially announced the launch of a new consulting service. It will cover such areas as: Open Banking, Open Data, Crypto & Digital Currencies, and Environment, Social & Governance (ESG).
The company admits that the business world is changing a lot. According to her, innovations are generated by a rapid digital transformation that is chasing changing consumer preferences and geopolitical changes. The aim of the new initiative is to help companies evolve and accelerate their growth.
Mastercard has more than 20 years of experience in consulting, both in the design of multilateral payment strategies and data management capabilities. The Data & Services team currently consists of over 2,000 data scientists, engineers and consultants and operates in 70 countries around the world.
One of the services the company intends to offer is to help banks and retailers navigate the world of digital currencies. This includes many aspects. From initial training and risk assessment, to cryptocurrency cards and loyalty program design, to developing cryptocurrency and NFT strategies.
To achieve this, the company has signed partnerships with natively digitally companies that offer cutting-edge cryptocurrency solutions.
Technical Market Outlook
The BTC/USD pair has made another up wave with the local high at the level of $44,801, but is still trading inside the ascending channel. The next target for bulls is seen at the level of $46,673 (38% Fibonacci retracement level on the daily time frame chart) which is above the key short-term supply zone located between the levels of $45,347 - $45,826. The nearest technical support is seen at $43,484 and $42,700. The bulls are in control of the market on the higher time frames as the momentum is strong and positive on the daily time frame chart as well, so the market is bouncing from the extremely oversold conditions.
Weekly Pivot Points:
WR3 - $48,470
WR2 - $47,163
WR1 - $44,156
Weekly Pivot - $42,937
WS1 - $40,001
WS2 - $38,380
WS3 - $35,654
Trading Outlook:
The market is bouncing after over the 80% retracement made since the ATH at the level of $68,998 was made. The level of $44,442 is the next key technical resistance for bulls, but the game changing technical supply zone is seen between the levels of $52,033 - $52,899. When this zone is clearly broken, the BTC is back to the up trend.