Bitcoin price is selling off after last week’s stellar move to $69,000. Charts suggest BTC price has a bit further to fall. Cointelegraph explains why.
Bitcoin news
Bernstein’s report is the latest in a series of bullish forecasts from institutional market researchers ahead of the November US presential election.
Repeat bearish engulfing candles near range highs and Bitcoin’s inability to flip $70,000 to support are possible signs of an incoming correction
While some industry execs believe that MiCA could trigger a shift from the EU to the UK, others question the UK’s unclear crypto regulations.
Bitcoin indicator data suggests a much stronger long-term picture than the current BTC price rejection from $69,000 would have traders believe.
Despite rising interest from both institutional and retail investors, the Bitcoin price has been unable to rise above the $70,000 psychological mark since July 29.
Announcing the withdrawal of the charges, the EFCC lawyer reportedly said that Tigran Gambaryan was merely an employee of Binance.
While global markets embrace crypto ETFs, Japan’s strict tax policies and regulatory caution impede further adoption.
Bitcoin institutional investors are pausing for thought while BTC price struggles to overcome resistance.
Saylor appears to be “explicitly arguing for a regulatory capture approach to protecting crypto,” which was not what it is about, said Buterin.