$81,000 is support at the 400-day moving average, while $84,000 is resistance at the 20-day moving average.
Here are the arguments on both sides:
Bullish case: The news provides a narrative that could draw more attention;
Bearish case: Expectations may be priced in early, so the actual news could become a sell-the-news event;
My take: Both sides have a point. Ultimately, it comes down to which side $BTC 's price and volume action favors.
$BTC is currently at 83,544, up 0.27% over 24 hours, with a 24-hour range of 81,033.66–84,168.
Here are the arguments on both sides:
Bullish case: The news provides a narrative that could draw more attention;
Bearish case: Expectations may be priced in early, so the actual news could become a sell-the-news event;
My take: Both sides have a point. Ultimately, it comes down to which side $BTC 's price and volume action favors.
$BTC is currently at 83,544, up 0.27% over 24 hours, with a 24-hour range of 81,033.66–84,168.