Analisis Forex & Kajian: 05.01.2024 - Bitcoin is holding up well...

05.01.2024 06:00 PM

Bitcoin is holding up well against the twists of fate

The cryptocurrency Bitcoin has been trading between $40,746 and $45,256 for over a month. It failed to break the $45,256 level, and before we could even mention that we should expect a drop to the $40,746 level, the pair plummeted and tested it within just an hour. The upward trend in the world's first cryptocurrency is still intact, and at the moment, there are no signs of the upward trend ending. Despite the solid "flights" of the leading cryptocurrency this week, nothing has changed on the market from a technical perspective.

Yesterday, we already mentioned that the recent Bitcoin crash (quickly offset by buyers) was triggered by just one event. Information came in that the U.S. Securities and Exchange Commission (SEC) intends only to approve applications to introduce spot Bitcoin ETFs. Recall that for a long time, "digital gold" had been rising in price based on expectations of the future approval of this new instrument. However, it was announced the day before that Gary Gensler does not support this initiative, considering the regulation of the cryptocurrency sector to be imperfect and posing a risk to financial stability and investors.

Gary Gensler has long been a critic of cryptocurrencies. However, he is not just an outside analyst who criticizes, and that's the end of the story. He is the head of the organization that regulates the cryptocurrency sector. Therefore, a lot depends on him in this industry. It is still being determined whether this refers to a denial of approval for spot Bitcoin ETFs in January (previously, the date of January 10 was mentioned when the SEC was supposed to grant permission to companies that applied) or if it is a complete rejection.

In the second scenario, there is no doubt that new legal disputes will arise between giants like BlackRock and the SEC. And it's still being determined that the SEC will win. Mr. Gensler will currently use all available tools and possibilities to prevent the introduction of a spot Bitcoin instrument. In any case, the case is dragging on, and Bitcoin has remained relatively high. The upward trendline indicates the market's bullish sentiment, and the price cannot even settle below the nearest level of $40,746. Therefore, there is no talk of a correction right now.

In the 24-hour timeframe, Bitcoin rose to the $45,256 level but failed to surpass it and dropped to $40,746, from where it also rebounded. Since there was a bounce from the $40,746 level, the cryptocurrency will rise again to the $45,256 level soon. The price may remain within $40,746 - $45,256 for some time. Rebounds from the boundaries of this range can be considered for opening positions. Consolidation below $40,746 will allow for opening short positions with a target of $34,267.

Anda telah pun menyukai siaran hari ini

* Analisis pasaran yang disiarkan di sini adalah bertujuan untuk meningkatkan kesedaran anda, tetapi tidak untuk memberi arahan untuk membuat perdagangan.

Jika anda mempunyai sebarang soalan berkaitan kandungan, sila hubungi editorial-board@instaforex.com

Crypto-currencies

Paolo Greco,
Pakar analisis InstaForex
© 2007-2025

Lebih banyak artikel daripada pengarang ini

Langganan E-mel

EURUSD

Euro vs US Dollar

Pilih carta masa

min

jam

hari

minggu

Mulakan dagangan

Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.

Muat turun MetaTrader 4 dan buka dagangan pertama anda.

Artikel yang dicadangkan

Analisis BTC/USD – 24 April: Bitcoin Menunjukkan Tanda-tanda Pemulihan

Cadangan Dagangan untuk Pasaran Mata wang Kripto pada 24 April

Bitcoin mungkin menyambung semula aliran menaiknya

Cadangan Perdagangan untuk Pasaran Mata Wang Kripto pada 23 April

Cadangan Dagangan untuk Pasaran Mata Wang Kripto pada 22 April

Cadangan Dagangan untuk Pasaran Kriptowang pada 21 April

Cadangan Dagangan untuk Pasaran Mata Wang Kripto pada 18 April

Minat terhadap Bitcoin dan Ethereum Kembali Semula

Analisis Teknikal Pergerakan Harga Harian Mata Wang Kripto Litecoin, Khamis 17 April, 2025.

Cadangan Dagangan untuk Pasaran Mata Wang Kripto pada 16 April

Analisis terbaik