Bitcoin breaks above $27,000 resistance, new price prediction follows.
The following HTML code contains news about Bitcoin. The first paragraph states that Bitcoin has surpassed the resistance level of $27,000, which has generated excitement among investors and traders. The article goes on to discuss potential price movements and target levels for Bitcoin.
The article also mentions comments made by blockchain CEO Brian Armstrong, who criticized the US’s stance on cryptocurrency and believes that China may benefit from the strict crypto regulations in the US. Armstrong urges US regulators to provide more regulatory clarity to prevent companies from flocking offshore.
The article also discusses the regulatory landscape surrounding cryptocurrency in various parts of the world, including Bali, the US, and Hong Kong. Bali has reiterated its ban on using cryptocurrency for transactions, while the US recently blocked a proposal for a 30% excise tax on cryptocurrency firms. Hong Kong, on the other hand, has permitted retail investors to trade cryptocurrencies.
Finally, Senator Elizabeth Warren raised concerns about the use of cryptocurrency in funding the illegal drug trade and called for stricter regulations on payment systems. These comments had a negative impact on Bitcoin prices.
Bitcoin is currently priced at $27,114, with a trading volume of $8.3 billion within the past 24 hours.
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During this period, Bitcoin has experienced a slight decline of around 0.50%. With a market cap of $525 billion, Bitcoin maintains its top position on CoinMarketCap.
The circulating supply of Bitcoin is 19,392,350 coins, while the maximum supply is capped at 21,000,000 coins.
From a technical standpoint, Bitcoin is displaying a minor bullish sentiment as it bounces back from the support level at $27,000.
The price has been trading within a sideways range in the last 24 hours, with the lower boundary around $27,000 and the upper boundary at approximately $27,350.
Traders are anticipating a breakout from this range, with resistance expected around $27,600. If Bitcoin surpasses this resistance level, the next potential target is around $28,000.
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The text describes the current state of Bitcoin’s price and market cap, as well as technical analysis of its recent performance. It also includes information on the top 15 cryptocurrencies to watch in 2023 and a recommendation to explore presale tokens. The article concludes with a disclaimer and a section on finding the best price to buy or sell cryptocurrency.