Bitcoin ends three-day loss series with a slight increase to $ 30,010, while ETF uncertainty and SEC statement determine the market
Bitcoin ends three-day loss series with a slight increase to $ 30,010, while ETF uncertainty and SEC statement determine the market
Bitcoin ended a three -day loss series on Wednesday with a small increase of 0.18 % and closed the day at $ 30,010. This positive trend was reinforced by ETF-related news and the statement by the SEC chairman Gary Gensler on the Capitol Hill. Nevertheless, the short-term technical indicators give rise to concern and signal a possible return to less than $ 29,500.
On Thursday, Bitcoin recorded an increase of 0.28 % and achieved a price of $ 30,094. Although the day started turbulent and the price fell to $ 29,978, it could later recover to a high of $ 30,122.
The daily diagram shows that BTC/USD moved under the resistance tape from $ 30,750 to $ 31,250, but has been supported by $ 30,000. Bitcoin remained via the 50-dayema ($ 29,405) and the 200-dayemaa ($ 26,735). These positive indicators indicate a long-term upward movement, especially since the distance between the 50-dayemaema and the 200-dayema continues.
In the 4-hour diagram we see that BTC/USD hits severe resistance to the psychological brand of $ 30,000. The course lies below the resistance tape from $ 30,750 to $ 31,250 and the 50-dayema ($ 30,331), but above the 200-dayema ($ 29,827). This signals declining but long -term bullish tendencies at short notice. The 14-4h RSI value of 45.81 indicates a declining attitude that matches a possible return to less than $ 29,500.
The uncertainty about Spot BTC ETFs remains because the NASDAQ has stopped its plans for the introduction of crypto attitude due to regulatory risks in the United States. This can be questioned the possibility of approval of ETF applications by the SEC. The hopeful expectation that the SEC Court's judgment against Ripple could lead to cross-party legislation in order to determine clear and robust regulatory guidelines. The SEC has also not commented on comparison plans or the intention of making an appeal against the judgment.
There are no important economic indicators for the day that may have a strong impact on the Bitcoin course or the wider market. Nevertheless, investments should keep an eye on the discussions about ETFs and news about Binance and Coinbase, as well as the conversations between the Sec and the US legislators.