Bank of England Governor Bailey’s statement “cryptocurrencies are the new ‘front line’ in criminal scams that regulators are trying to prevent” has led to downward movements in Bitcoin. Technically, 45 250 USD indicating the 50-period exponential moving average will be on our radar. If this level is broken strongly, 44 000 USD will be our next support. On the other side, 47 250 USD will be our strong resistance level above.