Bitcoin Price Prediction: BTC Consolidates within $25,400 to $26,200 Range, What Comes Next?
The price of Bitcoin has entered a consolidation phase, trading within a range of $25,400 to $26,200.
This period of consolidation suggests a temporary pause in the upward or downward momentum of Bitcoin.
Traders and investors are now closely observing the market to determine the next move for Bitcoin.
The key question that remains is whether Bitcoin will break out of this range and continue its upward trend or experience a reversal and move lower.
In this Bitcoin price prediction, we will explore the potential scenarios and factors that could influence the future direction of Bitcoin's price.
Two Republican congressmen have expressed their frustration with the chairman of the Securities and Exchange Commission (SEC) due to the organization's prolonged campaign against the cryptocurrency industry.
Warren Davidson (R-OH) took to Twitter on Monday to announce that he had filed the SEC Stabilization Act, which aims to restructure the SEC and remove Gary Gensler from his position as chairman.
Davidson emphasized the need to protect the US capital markets from what he described as a tyrannical chairman.
The objections raised by the congressmen align with the concerns expressed by the cryptocurrency sector itself.
On Tuesday, the SEC filed a lawsuit against Coinbase, a cryptocurrency exchange, alleging violations of securities laws.
Coinbase, in a statement to Decrypt last week, criticized the SEC for adopting an enforcement-centric approach to regulating digital assets.
Binance US also accused the SEC on Thursday of employing intimidating tactics as part of what they called an ideological campaign against the American digital asset industry.
Furthermore, even within the SEC, Chairman Gensler has faced criticism from SEC
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