Even though bitcoin is taking a beating in the last few weeks, it is noticeable that investment funds, banks and countries are getting more and more interested in cryptocurrency and blockchain.
There is a risk of bitcoin falling on the 24K-25K support.
As long as we don't break the 40K resistance we can't talk about a new bullrun.
Obviously, if bitcoin were to seek out the 20K support and even break it, the analysis would be distorted.
But don't forget that the banks entered between 20K and 25K last year, so this support must be very strong.
The analysis I have made takes into account the background news and the recent news :
The regulation of this market is a current topic (especially around binance).
Binance and the other platforms will comply with the rules rather quickly (by the end of the year). To which we can add the ether 2.0 update and many other blooming news.
Obviously, if bitcoin were to seek out the 20K support and even break it, the analysis would be distorted.
But don't forget that the banks entered between 20K and 25K last year, so this support must be very strong.
There is a risk of bitcoin falling on the 24K-25K support.
As long as we don't break the 40K resistance we can't talk about a new bullrun.
Obviously, if bitcoin were to seek out the 20K support and even break it, the analysis would be distorted.
But don't forget that the banks entered between 20K and 25K last year, so this support must be very strong.
The analysis I have made takes into account the background news and the recent news :
The regulation of this market is a current topic (especially around binance).
Binance and the other platforms will comply with the rules rather quickly (by the end of the year). To which we can add the ether 2.0 update and many other blooming news.
Obviously, if bitcoin were to seek out the 20K support and even break it, the analysis would be distorted.
But don't forget that the banks entered between 20K and 25K last year, so this support must be very strong.