Best Bitcoin price prediction for today: Binance denies it's being shut down in Japan

  BTC/USD still on its path, money comes in the $8400 mark
    Binance denies the claims that Japanese regulator (FSA) has inquired them

Asian trading has opened with news coming from Nikkei about the FSA (Japanese financial regulator) warning Binance of irregular activities in Japan. Less than two hours later, the company has denied having received any notification from the FSA, accusing Nikkei of publishing fake news. Such announcement has triggered a 4% dip in the BTC/USD, towards the $8350.
Our Bitcoin analysis starts with the 1-hour chart, where the price action shows a pretty standard setup. BTC/USD has traded lower down to where the 200-SMA is sitting, reversing its path to the upside there. Such respect for a meaningful support is positive for the main Cryptocurrency. Main moving averages are converging, which is tightening the price range and triggering short-term moves.

As we can see in the chart, the 100-SMA has a clearly positive slope, while the 200-SMA has started turning to the upside, a profile not shown since last March 3rd. Bitcoin price action and moving averages are developing around a trendline that comes from March 15th and that now rules the bullish move.

In the short-term, Bitcoin finds support in the mentioned 200-SMA, around the $8350 mark, and only if that level is broken it would go back to the $8100 area, the support from previous trading sessions.

On the bullish side, the 100-SMA and the 50-EMA are trading between $8600 and $8750, so in case of breaking above, that price area could generate some volatility. Morevoer, the trendline that rules the action is also found in that area, so BTC/USD should not go back to a clearly bullish profile in such time frame until it breaks above $8800.

MACD in the Bitcoin 1-hour chart is configured to cross to the upside, but still below the 0 line. The small distance to such level confirms a scenario of a bull-bear tug of war in the short-term, meeting the existing resistances.

Directional Movement Index shows a certain buying interest, in the attempt to break above the 50-EMA before the yesterday's close and the 200-SMA support. Sellers have retrated in the last hours and are not backing the movement.  according to Binance on fxstreet.