Two Day Report:
Bitcoin ($BTC ):
Pivot Point: 95195.00
Market Outlook: If the price remains below 95195.00, the next targets are 90750.00 and 87055.00.
Alternative Scenario: If the price breaks above 95195.00, the next targets are 99200.00 and 100800.00.
Support and Resistance Levels:
• Resistance Levels: 99200.00, 100800.00
• Support Levels: 90750.00, 87055.00
Cryptocurrency News
According to The Washington Post, since October, the American conservative think tank National Center for Public Policy Research (NCPPR) has submitted shareholder proposals to Microsoft and Amazon, urging them to consider investing in Bitcoin, believing this would protect these companies and their investors from inflation.
The organization stated that more Bitcoin proposals are in the works and also believes that promoting the adoption of Bitcoin aligns with its agenda of “supporting freedom,” as cryptocurrencies are largely free from government control. Microsoft shareholders have voted against the Bitcoin investment proposal, while it remains unknown whether Amazon will adopt this strategy.