Crypto Industry News:
Animal Hospital Built with Bitcoin Investment Profits? El Salvador has shown that it is possible. In addition, all treatments available at the clinic will cost $ 0.25 and payments will be settled in BTC.
According to earlier announcements, the clinic was to start on February 26, but President Nayib Bukele shared a message on Twitter with the information that Chivo Pets will start accepting from February 25.
The animal clinic was established in just four months. In October last year, the government of El Salvador announced that it intends to allocate part of the profits obtained on BTC to the creation of a comprehensive veterinary hospital.
The very name of the Chivo Pets clinic refers to the official BTC wallet of El Salvador (see also: BTC Chivo wallet for residents of El Salvador). Symbolic fees will apply in the clinic (each service will cost only $ 0.25), which will be settled in the oldest cryptocurrency.
Technical Market Outlook
The BTC/USD pair has been rejected from the level of $39,555 again, however, the market is behaving steady. The local low was made at the level of $37,009 and since then the Bitcoin is consolidating in a narrow range between the levels of $37,009 - $38,885. The momentum remains neutral. The target for bulls is seen at the level of $41,101 and $41,531. The other technical support is located at $36,190, $35,465 and $34,408.
Weekly Pivot Points:
WR3 - $49,623
WR2 - $42,432
WR1 - $40,007
Weekly Pivot - $37,159
WS1 - $34,592
WS2 - $31,509
WS3 - $29,166
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.