$BTC a US$82,979, heading for 83,180 or a drop?
$BTC holds around US$82,979 as the CFTC draws clear lines between prediction markets and gambling (Decrypt).
My take: if regulation tightens the environment, we could see less upward pressure and more caution in institutional flows, although the news has not yet been confirmed.
The price is hovering around the EMA20 (83,034), below the EMA50 (83,636), with the RSI at 46.9 and the 4-hour trend still bearish. Key support levels: 82,554 and 80,394; resistance levels: 83,180 and 83,529. A break above 83,180 would invalidate the bearish scenario and open the way to 83,529; a drop below 82,554 would confirm the correction and could take the price to 80,394.
$STRK (+41.1%) and $NEAR (+6.7%) are also moving, with good volume.
Will it break 83,180 or return to 82,554? 🟢/🔴
#bitcoin #cftc #regulation
This is not financial advice. Verify before investing.
$BTC holds around US$82,979 as the CFTC draws clear lines between prediction markets and gambling (Decrypt).
My take: if regulation tightens the environment, we could see less upward pressure and more caution in institutional flows, although the news has not yet been confirmed.
The price is hovering around the EMA20 (83,034), below the EMA50 (83,636), with the RSI at 46.9 and the 4-hour trend still bearish. Key support levels: 82,554 and 80,394; resistance levels: 83,180 and 83,529. A break above 83,180 would invalidate the bearish scenario and open the way to 83,529; a drop below 82,554 would confirm the correction and could take the price to 80,394.
$STRK (+41.1%) and $NEAR (+6.7%) are also moving, with good volume.
Will it break 83,180 or return to 82,554? 🟢/🔴
#bitcoin #cftc #regulation
This is not financial advice. Verify before investing.