BITCOIN (BTCUSD) – Week 15 – Digital powerhouse
According to Goldman Sachs CEO David Solomon, Bitcoin and the digital currency environment in general will soon undergo a "significant evolution," especially in terms of regulations in the United States. He didn't say anything about what Goldman Sachs was doing with Bitcoin, implying that the bank is unable to do so due to the current regulatory environment in the United States. However, Solomon made it clear that Goldman is holding a close eye on cryptocurrency, citing the client demand as a reason.
The Crypto Council for Innovation (CCI) was established by four influential collaborators to contribute to Bitcoin and crypto regulation. Investment company Paradigm, cryptocurrency exchange Coinbase, payment processor Square, and investment firm Fidelity Digital Assets collaborated on this project. The initiative's goal is to advocate for the cryptocurrency industry, perform analysis, and educate the public about the advantages of this asset class and its underlying technologies.
Technically, Bitcoin is moving towards the resistance area marked on the chart at $62k and will soon break it, making a new all-time high. After the new high is made we have to study the market structure to see what direction this pair will have. It will either continue to go higher or make a correction that will probably reach the red trendline.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
The Crypto Council for Innovation (CCI) was established by four influential collaborators to contribute to Bitcoin and crypto regulation. Investment company Paradigm, cryptocurrency exchange Coinbase, payment processor Square, and investment firm Fidelity Digital Assets collaborated on this project. The initiative's goal is to advocate for the cryptocurrency industry, perform analysis, and educate the public about the advantages of this asset class and its underlying technologies.
Technically, Bitcoin is moving towards the resistance area marked on the chart at $62k and will soon break it, making a new all-time high. After the new high is made we have to study the market structure to see what direction this pair will have. It will either continue to go higher or make a correction that will probably reach the red trendline.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
