Bitcoin has remained stable below $26,000 and has not shown any significant movement. Traders are cautious about the potential for a drop in BTC price. The weekly close of BTC price is focused on $25,900, with a higher low at $25,000. If the price falls below these levels, it could indicate a move towards previous resistance at $24,300. There is a possibility of sub-$20,000 levels coming back into play. Despite recent events involving Grayscale and US regulators, the overall market structure of Bitcoin has not changed. Traders are advised to be cautious and conduct their own research before making any investment decisions.
Summary:
– Bitcoin has not shown any significant movement and remains stable below $26,000.
– Traders are cautious about the potential for a drop in BTC price.
– The weekly close of BTC price is focused on $25,900, with a higher low at $25,000.
– If the price falls below these levels, it could indicate a move towards previous resistance at $24,300.
– There is a possibility of sub-$20,000 levels coming back into play.
– Despite recent events involving Grayscale and US regulators, the overall market structure of Bitcoin has not changed.
– Traders are advised to be cautious and conduct their own research before making any investment decisions.