The price of $BTC Bitcoin continues to show bullish behavior, with many analysts predicting that it could reach $69,500 to $70,000 before experiencing a new correction. This increase, although gradual, could take a few more days to materialize. Once $BTC Bitcoin manages to reach $70,000 or even $71,000, some investors are expected to consider selling to capitalize on the gains and then buy back at a lower price, taking advantage of the expected correction in its value.
This movement is part of the typical cycle of financial markets, where prices rise until they reach a resistance, prompting investors to sell, generating a correction before a possible new push.
On the other hand, in Italy, the outlook for investors in $BTC Bitcoin is changing due to a significant increase in the capital gains tax on cryptocurrencies. The tax, which was previously 26%, will be increased to 42%, which could influence the decisions of Italian investors regarding their cryptocurrency assets. This change in tax policy could generate a reconfiguration in the investment strategies of Bitcoin users in that country, increasing the pressure to sell at high levels to avoid the tax impact.
