BREAKING
383d 0h ago

Bitcoin Poised for Growth as Deutsche Bank Analyst Predicts Impact of Trump’s Favorable Regulatory Changes

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3

On January 23rd, a report by a Deutsche Bank analyst emphasized that under the anticipated **favorable regulations** from the Trump administration, **Bitcoin** is poised for sustained stability. The report highlights that while no immediate executive order was issued for **digital assets**, the recent announcement regarding the SEC’s intention to create a comprehensive **regulatory framework** marks a pivotal shift in **cryptocurrency governance**. This initial move illustrates a systematic approach towards refining the **cryptocurrency market**. Furthermore, the analyst pointed out that Bitcoin may experience positive momentum as a result of the **Federal Reserve’s** accommodative monetary stance, which is likely to attract more **institutional investors** into the sector. The combination of evolving regulations paired with a supportive monetary policy could significantly bolster Bitcoin’s position in the global financial landscape.

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