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Crypto Industry News:
The largest manufacturer of cryptocurrency ATMs, General Bytes, has produced 9,505 such ATMs worldwide, thousands of which are located in the United States. On Saturday, March 18, the company informed the public about a serious security incident that also occurred the day before.
"We urge all our customers to take immediate action to protect their funds and personal information and read the security bulletin carefully," the company added.
The General Bytes security bulletin said that the attacker was able to remotely upload his own Java application using the service's main interface, which is typically used by terminals to upload videos. The attacker had access to the BATM user's permissions and could also access the database, read and decrypt the API keys used to access funds in hot wallets and exchanges. In addition, the hacker could retrieve usernames, access their passwords, disable 2FA and send funds from hot wallets.
One of the device operators confirmed that all American operators using General Bytes ATMs were shut down nationwide for the entire evening. The operator also mentioned that the servers will have to be rebuilt from the ground up, which can be a lengthy process.
Technical Market Outlook:
The BTC/USD pair has competed the pull-back at the level of $23,926, made a new swing high at the level of $28,450 and is currently approaching the level of $30k, which is psychological level. The mid-term sentiment on the whole cryptocurrency market is bullish and higher levels are possible. The momentum on the H4 time-frame chart remains on the elevated levels, so the resumption of the up trend is still on the table as along as the level of $23,926 is not clearly violated (no daily candle close below this level) Please notice, the market keeps trading above the 50 and 100 moving average on the H4 time-frame chart and with the strong and positive momentum, the short-term outlook for BTC remains bullish.
Weekly Pivot Points:
WR3 - $29,430
WR2 - $28,530
WR1 - $28,076
Weekly Pivot - $27,630
WS1 - $27,176
WS2 - $26,730
WS3 - $25,830
Trading Outlook:
The bulls broken above the gamechanging level located at $25,442, so now the mid-term outlook for BTC is bullish. The next target for bulls is seen at the level of $32,350. As long as the level of 19,572 is not clearly violated, there is a chance for a long-term up trend to continue.
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