Bitcoin analysis for 23/11/2018

The University of Tokyo will begin offering the Blockchain course after receiving a donation of nearly $ 800,000 from several companies, including the Japanese banking giant Sumitomo Mitsui (SMBC) and the Ethereum Foundation.

Apart from themselves and the Ethereum Foundation, who contributed to the donation, SMBC mentions five other donors in the press release: Good Luck 3, JSS, Zipper, Hotto link and Money Forward. The banking group does not disclose details of donations in the amount of 90 million yen, nor did it disclose the main donor.

According to the press release, the course of education, named "Blockchain Innovation Donation Course", will last three years at the University of Tokyo: from November 1, 2018, to October 31, 2021. The course has been developed for students who want to become entrepreneurs in the Blockchain industry. It focuses on the development of decentralized solutions, their social implementation, and human resources. The module will combine lectures and practice, for example developing an information and communication technology service or developing a business model based on Blockchain.

The blockchain is an interesting topic for many universities around the world. According to a recent study, 42 percent of the top 50 universities in the world offer at least one class related to cryptography, while Blockchain-related courses are the most popular in Stanford and Cornell in the US.

Let's now take a look at the Bitcoin technical picture at the H4 time frame. The market has broken below the dashed black trend line and is currently trading close to the technical support around the level of $4,200. The downtrend is continued at this time frame and any other higher time frames and there is no indication of the downtrend reversal or termination. The next target for bears is seen at the level of $4,000 and then at the level of $3,000.

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The material has been provided by InstaForex Company - www.instaforex.com