Trump signs the genius law according to the turbulent crypto week-Bitcoin holds support at $ 119,000 with flag patterns, which aims at a breakthrough at $ 181,000.

Trump signs the genius law according to the turbulent crypto week-Bitcoin holds support at $ 119,000 with flag patterns, which aims at a breakthrough at $ 181,000.

Trump signs the Genius Act for cryptocurrencies after turbulent week: Bitcoin remains stable at $ 119,000 and shows a flag pattern with a break-in target of $ 181,000

In a week full of market fluctuations in the cryptocurrency sector, former President Donald Trump signed the Genius Act. This law aims to promote innovations 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 level of support of $ 119,000.

The stability of Bitcoin this week is remarkable, especially in view of the previous volatility in the market. Analysts observe a flag pattern that indicates a potential outbreak. If the price movements run in the desired direction, Bitcoin could increase to a target of $ 181,000. This pattern is often interpreted as an indicator of an upcoming price movement.

Trump's decision to sign the Genius Act could provide further impulses for the market. With a focus on promoting innovation and technological development in the blockchain sector, the industry may expect a positive market reaction.

Overall, the cryptocurrency market remains dynamic and exciting, while Bitcoin continues to keep its position and the eyes of many investors attract. The coming weeks will show whether the positive expectations regarding the flag pattern will meet.