BitcoinLong
BTCUSD: $25k is inevitable?
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Lawmakers in the European Parliament have approved the world’s first comprehensive package of rules aimed at regulating the cryptocurrency industry. A step ahead of the U.S.
The demise of terraUSD caused a chain reaction in the industry, with various other firms, including Three Arrows Capital, BlockFi and Voyager Digital going bust as well. FTX, formerly the fourth-largest crypto exchange, filed for bankruptcy in November in the most high-profile crypto industry failure to date. The move puts the EU a step ahead of the U.S. and U.K., which are yet to bring in formal rules for the crypto space.
I see two ways price can go from here. Both through
25K stop. Let's see how this plays out.
The demise of terraUSD caused a chain reaction in the industry, with various other firms, including Three Arrows Capital, BlockFi and Voyager Digital going bust as well. FTX, formerly the fourth-largest crypto exchange, filed for bankruptcy in November in the most high-profile crypto industry failure to date. The move puts the EU a step ahead of the U.S. and U.K., which are yet to bring in formal rules for the crypto space.
I see two ways price can go from here. Both through
25K stop. Let's see how this plays out.Note
Just a reminder, according to my analysis back in Apr 21 2023, this week 40k
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