The future of Bitcoin depends on changes in regulation, actions of major holders (whales), and technical levels. 1. Policy changes – US plans to create a Strategic Reserve and global ETF approvals could increase demand. 2. Activity of major holders – the movement of $39 million into BTC and rising exchange inflows indicate selling pressure. 3. Technical levels – resistance at $93K and support at $86K determine the near-term direction.
What happened in the crypto market while everyone was asleep - overview from March 3
In the UK, punishment for cryptocurrency ATM fraud was applied for the first time, victims of crypto fraud in the US will be refunded $8.2 million, and the largest bitcoin gap in history was recorded on CME - these and other cryptocurrency news in the morning of March 3 are covered in our review.
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The future of Bitcoin depends on changes in regulation, actions of major holders (whales), and technical levels. 1. Policy changes – US plans to create a Strategic Reserve and global ETF approvals could increase demand. 2. Activity of major holders – the movement of $39 million into BTC and rising exchange inflows indicate selling pressure. 3. Technical levels – resistance at $93K and support at $86K determine the near-term direction.
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