hello trader's. what do you think about BTCUSD.
current price: 118500
Bitcoin (BTC) price extends its gains, trading above $121,400 at the time of writing on Monday and inching closer to its record high. This recent price surge has wiped out 92.55% of short positions in the last 24 hours as institutional demand via ETFs recovered.
Regulation clarity alongside Trump’s supporting policies for Bitcoin.
The US announcements and policies supported Bitcoin’s price surge last week. US President Donald Trump signed an executive order on Thursday that aims to allow cryptocurrency, private equity, and real estate in 401(k)s.
On Tuesday, the US Securities and Exchange Commission (SEC) announced that crypto liquid staking activities do not constitute a securities offering, marking a step toward clearer digital asset regulation.
Market participants await a key US macroeconomic data release on Tuesday, July’s Consumer Price Index (CPI) data, which provides information regarding inflation and thus can influence chances of upcoming interest-rate cuts by the US Federal Reserve (Fed).
resistance zone: 121000 . 123400
support zone: 118000 . 117000
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