Political and Economic Impacts!
Bitcoin is trading at $109,000 on May 28, 2025. The market continues to be shaped by political developments and economic data.
Current Developments:
Bitcoin 2025 Conference: Vice President JD Vance and members of the Trump family spoke at the Bitcoin 2025 conference in Las Vegas. The conference witnessed important discussions on the future of cryptocurrencies.
Legal Regulations: A new bill introduced to the US Senate aims to enact the Strategic Bitcoin Reserve. This could lead to Bitcoin being recognized as an official reserve asset.
Market Reactions: Bitcoin has rallied as high as $111,000 in recent weeks but is currently consolidating around $109,000. This suggests that investors are cautious.
Technical Indicators:
RSI Neutral in the region
Support Level: 106.500 $
Resistance Level: 112.000 $
These factors could be decisive for Bitcoin's short-term movements.
