Bitcoin moved within the range of 67900-70195 during the day
At the time of writing the Review, the price of Bitcoin was 68235
Market capitalization 2.42 trillion, dominance index 55.46%, fear index 74.
Yesterday everything was positive on the stock markets - the S&P 500 closed above 5360 with a plus of 0.26%, now the dollar index and 10-year bond yields are looking down, in general everything is calm, only Asian indices are falling.
No important news on the stock market is expected today (but tomorrow there will be plenty of it).
But why then did Bitcoin from 70K, where it was last night, first fall below 69500, and in the morning even drop below 68K?
The reason was information about the bill on preventing the financing of terrorism, which also talks about cryptocurrencies. It talks about strict regulation of crypto exchanges, and about the next tightening of the screws on KYC, and the possibility of blocking digital assets.
The United States has succeeded like no other in financing various terrorist organizations and countries. And the appearance of such a bill is caused by the desire to put crypto exchanges in a position of subordination (which banks have been in for a long time), and to make it difficult to use crypto to circumvent sanctions!
The good news is that this bill has little chance of becoming law. At least until the US presidential elections. Because both sides need the support of the crypto industry, and they are fighting for it. Whichever side supports the trash proposed in the bill will lose this fight. Therefore, now (and before the elections) the bill has no chance.
The dispersal of FUDa around this news now and the current leak is just an excuse for the genocide of deer.
What's next?
We can go to 66000-65000 in the event of a negative external background (a rise in the dollar index and a fall in the stock market on tomorrow's inflation data, for example). If the data is positive, Bitcoin will most likely return above 68800-69000 in the near future.
Today we are watching the stock market - as often happens before the release of important data, today there may be insider sales or purchases. Especially closer to the end of the session.
Of the alts on this drain, NOT, W, JASMY suffered the most
UNI, ROSE, INJ show resistance.
Yesterday, for the first time in 19 days, an outflow from BTC-ETF was recorded. Let's see how things go today.
One interesting thing is that the large online travel service Travala is integrating TON into its platform.
There is a company called Berkshire Hathaway BRK. This is the company of Buffett, who is considered a genius investor. He's actually always done well in the stock market, but in recent years he's lost much of his grip.
Since 2017, he has constantly criticized Bitcoin and those who invest in it in a rude and cynical manner. But during this time, his company's shares fell to Bitcoin by more than 90%.
This is what results from the inability to admit one’s mistakes, persistence in delusions and evaluating the new reality by old standards.
The priority option for today is Bitcoin in a range with a lower limit at 67000-66500 and an upper limit at 69300-69500
Alternative - consolidation above 69500
