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$BTC #BTC
Bitcoin (BTC) Price Prediction:
1.Short-Term Prediction (Next Few Days): Given that Bitcoin has bounced off the support level of $65,623, if the candle closes far from this support, we might see sideways trading in the range of $67,000-$70,000 in the next few days. However, if the support level is breached decisively, we could see further downward movement.
2.Long-Term Prediction (Next Few Weeks): On the weekly chart, there was a false breakout of the resistance at $70,184. If bulls manage to regain control and push the price back above $70,000, there's a possibility of a new all-time high in the coming weeks. However, if the resistance remains intact, we might see consolidation or a slight pullback.
3.Overall Market Sentiment: It's important to consider the overall market sentiment and external factors such as regulatory news, macroeconomic trends, and institutional interest. Any significant developments in these areas could impact Bitcoin's price trajectory.
4.Risk Factors: Cryptocurrency markets are highly volatile, and there are always inherent risks associated with trading or investing. Traders should be prepared for sudden price fluctuations and use risk management strategies to protect their investments.
5.Conclusion: While there's potential for Bitcoin to move towards a new all-time high if bulls regain control, traders should exercise caution and conduct thorough analysis before making any investment decisions. Keep an eye on key support and resistance levels, as well as external market factors, to assess the overall market sentiment.
Bitcoin (BTC) Price Prediction:
1.Short-Term Prediction (Next Few Days): Given that Bitcoin has bounced off the support level of $65,623, if the candle closes far from this support, we might see sideways trading in the range of $67,000-$70,000 in the next few days. However, if the support level is breached decisively, we could see further downward movement.
2.Long-Term Prediction (Next Few Weeks): On the weekly chart, there was a false breakout of the resistance at $70,184. If bulls manage to regain control and push the price back above $70,000, there's a possibility of a new all-time high in the coming weeks. However, if the resistance remains intact, we might see consolidation or a slight pullback.
3.Overall Market Sentiment: It's important to consider the overall market sentiment and external factors such as regulatory news, macroeconomic trends, and institutional interest. Any significant developments in these areas could impact Bitcoin's price trajectory.
4.Risk Factors: Cryptocurrency markets are highly volatile, and there are always inherent risks associated with trading or investing. Traders should be prepared for sudden price fluctuations and use risk management strategies to protect their investments.
5.Conclusion: While there's potential for Bitcoin to move towards a new all-time high if bulls regain control, traders should exercise caution and conduct thorough analysis before making any investment decisions. Keep an eye on key support and resistance levels, as well as external market factors, to assess the overall market sentiment.
Nigeria’s SEC Strengthens Crypto Regulations Via New Rules
The SEC has issued new regulations on the licensing, registration, and inspection of VASPs.
The revision of operating standards coincides with Binance now under investigation.
In an effort to better control the operations of cryptocurrency companies, the Nigerian SEC has issued new regulations. Reportedly, this new set of rules is an effort to reduce instances of digital currency fraud and money laundering. The revision of operating standards coincides with the fact that Binance, a leading cryptocurrency exchange, is now under investigation in the nation.
Moreover, as per reports, the SEC has just issued new regulations on the licensing, registration, and inspection of virtual asset service providers (VASPs). The initiative’s stated goal is to safeguard the capital market against “criminals being registered as operators” and to improve market regulation generally. Ongoing Feud
Concurrent with the implementation of these new regulations, Nigeria is further consolidating government control over the digital asset market. Binance, one of the largest cryptocurrency exchanges in the world, recently made news when it announced its intention to cease providing services in Nigerian Naira (NGN) due to heightened scrutiny in the nation.
Binance seems to have been singled out more during the recent crackdown on crypto exchanges in the nation, perhaps due to its past legal issues in the country.
Moreover, Binance likewise made an effort to assist its customers in safeguarding their investments in light of Nigeria’s recent crypto crackdown. Reiterating its commitment to working with local authorities, the firm showcased its efforts to ensure regulatory compliance across.
But it encountered an immediate obstacle when, in the course of the above regulatory motion, the officials of its Nigerian branch were reportedly apprehended. Concerns about an imminent crackdown on cryptocurrencies in Nigeria were heightened when Nigerian officials refuted any remarks suggesting Binance would be subject to a $10 billion
The SEC has issued new regulations on the licensing, registration, and inspection of VASPs.
The revision of operating standards coincides with Binance now under investigation.
In an effort to better control the operations of cryptocurrency companies, the Nigerian SEC has issued new regulations. Reportedly, this new set of rules is an effort to reduce instances of digital currency fraud and money laundering. The revision of operating standards coincides with the fact that Binance, a leading cryptocurrency exchange, is now under investigation in the nation.
Moreover, as per reports, the SEC has just issued new regulations on the licensing, registration, and inspection of virtual asset service providers (VASPs). The initiative’s stated goal is to safeguard the capital market against “criminals being registered as operators” and to improve market regulation generally. Ongoing Feud
Concurrent with the implementation of these new regulations, Nigeria is further consolidating government control over the digital asset market. Binance, one of the largest cryptocurrency exchanges in the world, recently made news when it announced its intention to cease providing services in Nigerian Naira (NGN) due to heightened scrutiny in the nation.
Binance seems to have been singled out more during the recent crackdown on crypto exchanges in the nation, perhaps due to its past legal issues in the country.
Moreover, Binance likewise made an effort to assist its customers in safeguarding their investments in light of Nigeria’s recent crypto crackdown. Reiterating its commitment to working with local authorities, the firm showcased its efforts to ensure regulatory compliance across.
But it encountered an immediate obstacle when, in the course of the above regulatory motion, the officials of its Nigerian branch were reportedly apprehended. Concerns about an imminent crackdown on cryptocurrencies in Nigeria were heightened when Nigerian officials refuted any remarks suggesting Binance would be subject to a $10 billion
Bullish
76%
Bearish
24%
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LIVEMastering Crypto
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📢 Congratulations To Crypto Community For First ETF Approval By SEC 🥳🍾
✔️The US securities regulator has approved the first US-listed exchange traded funds (ETF) to track bitcoin, in a watershed moment for the world’s largest cryptocurrency and the broader crypto industry.
🔥The announcement came at the end of a tumultuous 24 hours for the popular cryptocurrency, which saw a tweet sent from the account of the Securities and Exchange Commission (SEC) announcing the approval of the long-awaited ETFs on Tuesday, leading the price of bitcoin to spike by more than $1,000.
🎲By Wednesday however, the SEC had approved the ETFs – this time for real – adding that it remained sceptical about cryptocurrencies.
✅️What has been approved?
✨️The SEC has given the green light to 11 ETFs for bitcoin in the US, opening the door to cryptocurrencies to many new investors who don’t want to take the extra steps involved in buying actual bitcoin.
✨️An ETF is an easy way to invest in assets or a group of assets without having to directly buy the assets themselves. For example, the SPDR Gold Shares ETF allows anyone to invest in gold without having to find a place to store a bar or protect it.
✨️ETFs can also be easily traded on stock exchanges.
✨️The decision to approve the ETFs is a major win for huge fund managers like BlackRock, Fidelity Investments and Invesco who will manage the funds – and have pushed hard to get the SEC to approve them.
✨️Some products are expected to begin trading as early as Thursday, kicking off a fierce competition for market share.
🗳 If you find Mastering Crypto helpful, Vote for us in the Binance Creator Awards
Vote Here
🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
#ETFApproval2024
✔️The US securities regulator has approved the first US-listed exchange traded funds (ETF) to track bitcoin, in a watershed moment for the world’s largest cryptocurrency and the broader crypto industry.
🔥The announcement came at the end of a tumultuous 24 hours for the popular cryptocurrency, which saw a tweet sent from the account of the Securities and Exchange Commission (SEC) announcing the approval of the long-awaited ETFs on Tuesday, leading the price of bitcoin to spike by more than $1,000.
🎲By Wednesday however, the SEC had approved the ETFs – this time for real – adding that it remained sceptical about cryptocurrencies.
✅️What has been approved?
✨️The SEC has given the green light to 11 ETFs for bitcoin in the US, opening the door to cryptocurrencies to many new investors who don’t want to take the extra steps involved in buying actual bitcoin.
✨️An ETF is an easy way to invest in assets or a group of assets without having to directly buy the assets themselves. For example, the SPDR Gold Shares ETF allows anyone to invest in gold without having to find a place to store a bar or protect it.
✨️ETFs can also be easily traded on stock exchanges.
✨️The decision to approve the ETFs is a major win for huge fund managers like BlackRock, Fidelity Investments and Invesco who will manage the funds – and have pushed hard to get the SEC to approve them.
✨️Some products are expected to begin trading as early as Thursday, kicking off a fierce competition for market share.
🗳 If you find Mastering Crypto helpful, Vote for us in the Binance Creator Awards
Vote Here
🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
#ETFApproval2024
