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21.09.2018 07:47 AM
Bitcoin analysis for 21/09/2018

The Japanese National Police Agency revealed that in the first half of 2018, crypto assets worth 60.303 billion yen ($ 540 million) were stolen. The agency claims that 158 incidents of theft of cryptocurrencies were reported during the first half of this year, which is three times as high as the number of incidents reported in the same period in 2017. Throughout 2017, 149 incidents were stolen from cryptocurrencies worth approximately 626.4 million yen ($ 5.91 million), a figure nearly 100 times larger this year. The biggest single incident was the breakthrough in the industry, the crypto exchange Coincheck, which in January was stolen the equivalent of 58 billion yen (520 million dollars). According to Asahi Shimbun, the remaining 2.5 billion yen (22 million dollars) stolen in cryptocurrencies this year concerning the hacking of individual accounts, not stock exchanges. 60 percent of such cases concerned people who use the same password in their e-mails, e-commerce and online cryptographic transactions.

The report noted that the lion's share of reported incidents falls between January and March - 120 cases account for 76 percent of the entire six months - and only 38 cases were reported in April and June. Asahi Shimbun attributes this decline to "greater consumer awareness" triggered by theft at Coincheck, as well as the intensified operations of both the Japanese Financial Services Agency (FSA) and the national police.

Police representatives said that the increase in the number of hacker attacks related to cryptography began in August 2017. Just yesterday, another financial media reported the hack of the Zaif exchange in the Japanese crypto, which had stolen $ 60 million in cryptocurrency. According to local reports, as a result of a security breach that took place on September 14, hackers managed to steal $ 40 million from hot user portfolios, as well as $ 20 million from company assets.

Let's now take a look at the Bitcoin technical picture at the H4 time frame. The market bounced strongly towards the technical resistance zone between the levels of $6,521 - $6,548 and it looks like the bulls are about to take control of the market in the short-term. If the level of $6,548 is violated, then the next target is seen at the level of $6,666. The immediate support is seen at the level of $6,473.

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