Crypto
SEC Framework Announcement Sends Bitcoin Price into Volatility Mode
Bitcoin's price has been moving in anticipation of the SEC's crypto framework announcement. According to CryptoMichNL, liquidity was swept ahead of the announcement, positioning the market for volatility tomorrow.
The current price sits at $63,203.9 within Bollinger Bands with an upper resistance at $64,438.63 and a lower support at $63,106.35.
The bearish structure holds as the EMA50 is at $64,101.15 and the EMA200 is at $63,717.09, capping upside while the MACD at -290.09 prints a death cross, indicating a potential drop in price. The RSI at 37.43 stays neutral, suggesting that Bitcoin may probe its lower support before any recovery.