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BTC and a Return to $30,000 Hinged on the SEC and US Lawmakers
On Sunday, bitcoin (BTC) ended the day flat. After a 0.17% fall on Saturday, BTC ended the week up 0.26% to $29,490. Significantly, BTC revisited sub-$29,000 while returning to $30,000 for the first time in four sessions. Bitcoin (BTC) Price Action: This morning, BTC was up 0.09% to $29,518. A mixed start to the day saw BTC fall to an early low of $29,436 before rising to a high of $29,577. Daily Chart: The Daily Chart showed BTC/USD sitting below the $30,750 – $31,250 resistance band. However, BTC sat above the 50-day ($29,456) and 200-day ($27,193) EMAs, sending bullish near and longer-term price signals. ... (full story)