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Trump Signs GENIUS Act After Turbulent Crypto Week - Bitcoin Holds Support at $119,000 with Flag Pattern Aiming for Breakout at $181,000.
Trump signs GENIUS Act after turbulent week for cryptocurrencies: Bitcoin holds steady at $119,000, shows flag pattern with breakout target of $181,000 In a week of market fluctuations in the cryptocurrency sector, former President Donald Trump signed the GENIUS Act. This law aims to promote innovation in the field of digital currencies and blockchain technology. The signing of the law comes at a time when Bitcoin, the leading cryptocurrency, has stabilized at a support level of $119,000. Bitcoin's stability this week is remarkable, especially given the previous volatility in the market. Analysts are observing a flag pattern,...
Trump Signs GENIUS Act After Turbulent Crypto Week - Bitcoin Holds Support at $119,000 with Flag Pattern Aiming for Breakout at $181,000.
Trump signs the GENIUS Act after a turbulent week for cryptocurrencies: Bitcoin remains stable at $119,000 and shows a flag pattern with a breakout target of $181,000
In a week of market volatility in the cryptocurrency sector, former President Donald Trump signed the GENIUS Act. This law aims to promote innovation in the field of digital currencies and blockchain technology. The signing of the law comes at a time when Bitcoin, the leading cryptocurrency, has stabilized at a support level of $119,000.
Bitcoin's stability this week is remarkable, especially given the previous volatility in the market. Analysts are observing a flag pattern that suggests a potential breakout. If price movements go in the desired direction, Bitcoin could rise to a target of $181,000. This pattern is often interpreted as an indicator of an impending price move.
Trump's decision to sign the GENIUS Act could provide further stimulus for the market. With a focus on driving innovation and technological development in the blockchain sector, the industry may expect a positive market response.
Overall, the cryptocurrency market remains dynamic and exciting as Bitcoin continues to hold its position and catch the eyes of many investors. The coming weeks will show whether the positive expectations regarding the flag pattern will be fulfilled.