🏦💬 In a recent statement, Federal Reserve Chair Jerome Powell addressed the central bank’s position on Bitcoin ownership:

“We’re not allowed to own Bitcoin. The Federal Reserve Act says what we can own, and we’re not looking for a law change.”

This clarification comes amid discussions about the potential establishment of a U.S. Bitcoin Strategic Reserve.

Key Points:
• Legal Constraints: The Federal Reserve is legally prohibited from holding Bitcoin under the current Federal Reserve Act.
• No Legislative Pursuit: Chair Powell emphasized that the Fed is not seeking changes to these laws to accommodate Bitcoin holdings.
• Market Impact: Following Powell’s remarks, Bitcoin’s value experienced a notable decline, reflecting the market’s sensitivity to regulatory perspectives.

Discussion:
Chair Powell’s statements underscore the Federal Reserve’s cautious approach toward integrating cryptocurrencies like Bitcoin into its asset portfolio.

Questions for the Community:
• What are your thoughts on the Federal Reserve’s stance regarding Bitcoin?
• How might this position influence the broader adoption of cryptocurrencies in the financial sector?

Stay Informed:
For more updates on cryptocurrency regulations and market movements, follow our page and join the conversation.

Hashtags:
#FederalReserve #JeromePowell #Bitcoin❗ #FinancialRegulation #FOMC_Decision

Fed Chairman Jerome Powell dropped some bombshells that sent shockwaves through global markets:

1️⃣ No Bitcoin as a Reserve: The Fed ruled out adopting Bitcoin ($BTC ) as an official reserve asset. The message is clear—crypto won’t be in the Fed’s toolbox anytime soon.

2️⃣ Interest Rate Cuts? The Fed is signaling only 2 rate cuts in 2025, not the 3 cuts investors had been hoping for. This cautious approach dampened optimism for a quick economic boost.

3️⃣ Inflation Stubbornness: Powell warned that hitting the 2% inflation target could take up to 2 years and hinted at the risk of inflation rising again in 2025.

📉 Market Reaction:

Bitcoin fell sharply, dropping below key support levels as risk aversion kicked in.

The S&P 500 and traditional assets also faced volatility as investors digested the news.

Many crypto investors took profits, spooked by the Fed's less aggressive stance on rate cuts.

📊 Opportunity or Red Flag?
Powell’s cautious tone has forced the market to rethink its expectations. Is Bitcoin’s role as an inflation hedge now in doubt, or is this dip just another bump in the road?

💬 What’s Your Take? Is this a temporary shake-up or the start of a new trend? Drop your thoughts below! 👇

Bitcoin (BTCUSD) is having an impressive sustainable price action within the Channel Up pattern since November 12, which despite yesterday's Fed fueled pull-back, is still holding. If it holds, it may follow the same pattern that it did exactly 1 year ago.
As you see, it was again in November 2023 that it traded within a Channel Up, which was supported by the 4H MA200 (orange trend-line) since October 11. After it broke out, the price reached the 7.0 Fibonacci extension level from the October low, before correcting again.
The situation is very similar today, the 4H MA200 is also holding since Oct 11, the price also formed a 4H Golden Cross on Sep 18, while both fractals started their impressive rallies around the same date (Sep 06 2023 and Sep 11 2024 respectively).
As a result, if the 4H MA200 holds, we can expect BTC to target the 7.0 Fib ext next at $135000.
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#bitcoin☀️ #Bitcoin❗ #BTC☀ #BTCUSDT #signals

Bitcoin’s Price Weakens Further
Bitcoin (BTC) has entered another downward trend, with its price falling below the $105,000 zone. Currently, the cryptocurrency has registered a nearly 5% loss and is struggling to hold above the critical $100,000 support.
Key Support and Resistance Levels
Bitcoin failed to break through the $108,000 resistance and subsequently declined, breaching the $102,500 support level and even $100,000.
At present, BTC is consolidating losses around $98,728, with a bearish trendline visible on the hourly chart, showing resistance near $102,000. The price is trading below $104,000 and the 100-hour simple moving average.

Potential Upside Scenarios
If Bitcoin begins to recover, it could face resistance at these levels:
$100,500: Close to the 23.6% Fibonacci retracement of the recent drop.$101,000: A key level tied to the trendline.$102,250: A breakout above this level could lead to a rise toward $103,500, aligning with the 50% Fibonacci retracement of the downward move.
If bulls gain momentum, the price could further increase to test the $106,000 resistance.
Risk of Further Decline
If Bitcoin fails to clear the $101,000 resistance zone, it may continue its downward movement. Key support levels include:
$98,500: Immediate support.$98,000: Major support level.$96,200: Next critical support zone.
Further losses could push the price down to $95,500.
Technical Indicators
Hourly MACD: Gaining momentum in the bearish zone.Hourly RSI: Below 50, indicating seller dominance.
Key Support Levels: $98,000, followed by $96,500.
Key Resistance Levels: $101,000 and $102,000.
Bitcoin is currently consolidating losses, and while a short-term rebound is possible, a further decline remains likely unless bulls can break through critical resistance levels.

#BTC☀ , #BEARISH📉 , #Cryptocurrencies , #CryptoNewss , #Bitcoin❗

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

BINANCE SURVEY: #memecoin🚀🚀🚀 HOLDERS OUTNUMBER BITCOIN HOLDERS
 
 
 
On December 19, Binance released the results of its latest user survey, revealing that the number of meme coin holders has surpassed that of Bitcoin holders among cryptocurrency owners.
 
The survey, part of Binance’s “Global User Survey,” was conducted on over 27,000 users across Asia, Australia, Europe, Africa, and Latin America. The survey found that 16% of respondents held meme coins, making them the most held cryptocurrency, while 14.44% held Bitcoin.
 
Analysis: 
 
The rising popularity of meme coins appears closely connected to market sentiment and speculative interest. Many investors’ involvement in meme coins stems primarily from potential short-term market movements and social factors, rather than technological fundamentals.
 
For instance, Dogecoin’s prominence has been significantly influenced by social media trends and high-profile endorsements.
 
For market participants, these assets can present opportunities during periods of strong market momentum, particularly in bull markets or during rapid price movements. However, investors focused on long-term value creation may find greater alignment with assets that demonstrate stronger fundamental characteristics, such as Bitcoin.
 
 
Please read carefully：
Top Memecoins 2024: What You Need to Know
 
 
 
 
 
POWELL: FEDERAL RESERVE’S POSITION ON #Bitcoin❗ HOLDINGS REMAINS UNCHANGED
 
 
 
On December 19, Federal Reserve Chairman Jerome Powell clarified that the Federal Reserve is not authorized to hold Bitcoin and expressed no intention to pursue changes to the relevant regulations.
 
Analysis:
 
This statement reflects the consistent approach of U.S. monetary authorities toward digital assets. While Bitcoin and other cryptocurrencies continue to gain market recognition, Powell’s statement suggests the Federal Reserve maintains its focus on traditional financial system stability and prudent management of potential risks associated with cryptocurrency adoption.
 
 
Please read carefully：
Why Have Nations Been Reluctant to Include Bitcoin in National Reserves?
The Singapore Government Warns of Cryptocurrency Theft Risks: How to Protect Your Crypto Assets?
 
 
 
 
 
#Fed ’S STANCE ON RATE CUTS IMPACTS CRYPTO MARKETS: BITCOIN AND OVERALL MARKET CAP SEE DECLINE
 
 
 
On December 19, following Federal Reserve Chairman Powell’s announcement of projected interest rate adjustments for 2025, cryptocurrency markets experienced notable price movements.
 
The announcement, which indicated fewer rate cuts than market expectations, coincided with Bitcoin experiencing a 5.6% decline. Ethereum saw a decrease of 6.96%, while other cryptocurrencies including Dogecoin and Solana also recorded significant downward movements.
 
 
Analysis: 
 
The cryptocurrency market’s price volatility presents both opportunities and challenges for investors. While experienced traders may find opportunities in short-term price movements, market participants should consider implementing risk management strategies.
 
These might include portfolio diversification, careful position sizing, and maintaining awareness of broader economic indicators that could influence market dynamics.

Entrepreneur Calls for a National BTC Reserve
A Dutch entrepreneur recently addressed an open letter to the Dutch government, urging the creation of a national Bitcoin reserve. The letter, sent to a Dutch minister, government officials, and the leadership of De Nederlandsche Bank (DNB), proposed that the Ministry of Finance redistribute part of its gold reserves and invest in Bitcoin (BTC) instead, as reported by BSCN.

Bitcoin as a Solution for Stability
The entrepreneur emphasized that BTC could play a vital role in ensuring economic stability and sovereignty for the country. He described Bitcoin as “hard money” with a limited supply, protected from political manipulation due to its decentralized technology. He further argued that in today's environment of rampant inflation and increasing debt, Bitcoin offers a viable solution.
Growing Global Recognition of Bitcoin
The letter also highlights Bitcoin's growing recognition as a significant asset globally. Jerome Powell, the chairman of the U.S. Federal Reserve, has referred to Bitcoin as a rival to gold. Additionally, BlackRock, the world’s largest asset manager, has projected significant adoption of Bitcoin in the future, citing its potential as a global financial alternative.
Strategic Opportunity for the Netherlands
The entrepreneur urged Dutch officials to seize the opportunity and establish a Bitcoin reserve as a strategic move for the country's future. This initiative could strengthen the economic security of the Netherlands and lay a solid foundation for its financial future.
By creating a Bitcoin reserve, the Netherlands could join other European nations that are actively integrating digital currencies into their financial systems. This move could position the country as a leader in the rapidly evolving world of digital finance.

#Bitcoin❗ , #digitalassets , #BTC☀ , #CryptoNewss , #Cryptocurrencies

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Current Price: 104,072 USD
Market Context
Bitcoin is currently trading at $104,000, within a pullback phase after reaching a recent high near $108,000. The market appears to be consolidating below this high, which could indicate preparation for the next significant move, either up or down.

Key Support and Resistance Levels
Support Levels:
• $102,000: Immediate local support where buyers have previously stepped in during minor pullbacks.
• $100,000: A strong psychological and technical support level that aligns with prior consolidation zones.
Resistance Levels:
• $106,500: Immediate resistance where BTC was rejected recently.
• $108,000: A significant resistance zone that must be broken to continue the upward trend.
• $110,000: Key level for further bullish confirmation if $108,000 is surpassed.

Technical Indicators
Relative Strength Index (RSI):
• The current RSI is around 55-60, indicating neutral-to-bullish momentum.
• If the RSI crosses above 60, it may signal increasing bullish momentum, while a drop below 50 could suggest bearish pressure.

Moving Averages:
• 50-period SMA: The price is above the 50-period Simple Moving Average, which is bullish for the short term.
• 200-period SMA: The price is also above the 200-period SMA, confirming the continuation of a broader long-term uptrend.

MACD (Moving Average Convergence Divergence):
• The MACD line is flattening near the signal line, suggesting that momentum is weakening slightly but not yet turning bearish.
• A bullish crossover would indicate renewed upward momentum, while a bearish crossover could confirm further downside.

Key Observations
• Bitcoin is showing signs of consolidation within a tight range between $102,000 (support) and $106,500 (resistance).
• A breakout above $108,000 could pave the way for further bullish moves, targeting $110,000 or higher in the short term.
• Failure to hold above $100,000 would likely see Bitcoin retest deeper support levels at $95,000 or lower.

Price Projections
Bullish Scenario:
• If $BTC breaks above $108,000, the next targets are $110,000 and $115,000, supported by strong bullish momentum and institutional interest.
Bearish Scenario:
• A breakdown below $100,000 could see BTC test $95,000, with further downside potential to $93,000.

Conclusion
Bitcoin is consolidating within a critical range, and the next breakout (above or below) will determine its short-term direction. Traders should watch $108,000 for a bullish breakout and $100,000 for a bearish breakdown. The current price action suggests a slight bullish bias due to support holding and long-term indicators being positive.
Recommendation: Monitor support and resistance levels closely and look for confirmation signals (e.g., volume spikes, RSI movements) before making trading decisions.
#Bitcoin❗ #bitcoin☀️ #BTC☀
Note: This analysis is based on technical factors and does not account for fundamental news or events that may impact Bitcoin’s price. Always manage risk appropriately.