Google announced a new deal with Coinbase, which will allow a select set of customers to pay for its Cloud services using digital currencies such as Bitcoin (BTC) and Ether (ETH). This will take effect early next year.
According to CNBC, the tech giant also plans to explore using Coinbase Prime, which is a custodial service for storing and trading cryptocurrencies.
In return, Coinbase announced it will move some of its data-related applications, which were initially stored using Amazon Web services, over to Google’s cloud.
Amit Zavery, vice president and general manager and head of platform at Google Cloud,said on the onset, cryptocurrency payments will be accepted only from a select group of clients already active in Web3 via the Coinbase Commerce integration.
He further stated that, over time, the service will be offered to more of its customers.
Meanwhile BTC slides
Bitcoin price remained in abearish zone below the $20,000 support zone. BTC slowly moved and settled below the $19,500 support plus the 100 hourly simple moving average.
There was a clear move below the $19,200 support zone, increasing pressure on the bulls. Finally, the price moved below the $19,000 level and traded as low as $18,970. The price is now consolidating losses near the $19,000 pivot level.
On the upside, an immediate resistance is near the $19,110 level. The next major resistance sits near the $19,260 zone and the trend line.
The trend line is close to the 50% Fib retracement level of the recent decline from the $19,559 swing high to $18,970 low. A clear move above the trend line might send the price towards the $19,500 resistance or the 100 hourly simple moving average.
Source:BTCUSD on TradingView.com
Hourly MACD is gaining pace in the bearish zone
Hourly RSI is below the 50 level
Support Levels – $19,000, $18,500
Resistance Levels – $19,260, $19,500, $20,000
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