Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...
Bitcoin price is showing strong upward momentum, currently trading at around $68,000, supported by a solid 50-day EMA near $67,500.
This upward channel has strengthened the bullish sentiment, with traders eyeing potential resistance levels around $69,140.
Key factors such as institutional interest and tightening exchange reserves are adding to Bitcoin’s potential for further gains, making it a focal point for investors looking to capitalize on the ongoing price rally.
Eric Council Jr., a man in his mid-20s from Alabama, has been arrested by the FBI for allegedly hacking the SEC’s X (formerly Twitter) account to manipulate bitcoin prices. In January, Council posted false information claiming that bitcoin exchange-traded funds (ETFs) were approved, causing bitcoin to spike by $1,000.
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