of the SEC, BinanceAnd to CZsuing for violating the US Securities Act, Bitcoin ( BTC) led to collapse.
of the SECcontinuation of its regulatory attitude, finally BinanceAnd CZ shook. Making a statement yesterday evening, the SEC stated that it has sued Binance and CZ for violating the US Securities Act. After this situation, BTC, which lost value rapidly, touched $ 25,300. How did the events affect BTC? Can BTC rally and start bullish action?
What is the Latest Situation in Bitcoin (BTC)?
of the SEC BinanceAnd to CZ litigation made the decline in Bitcoin inevitable. BTC, which tested $ 25,300 directly from $ 26,790, came to $ 25,776 for now, receiving a reaction. In order to end the declines on the BTC side, future statements about the event can be followed by the SEC and Binance. Positive news for Binance will also strengthen the BTC price. In this case, the targetable levels for BTC are 25,827 – 26.790 – 27.255 – 28.159 – 28.775 – 29.250 and finally $30,000 resistances respectively.
Factors such as the continuation of the fud news, the withdrawal of the crypto investor from the market may pull the BTC price to even lower levels. In this scenario, the support points that can be followed for BTC are $ 25,257 and $24,586. In addition, it is of particular importance to closely follow not only technical analysis but also fundamental analysis.
