Bitcoin Price Prediction: BTC Rebounds from $113K as $118K Target Looms Amid Global Crypto Shake-Up
Main Idea
Bitcoin's price rebounds from $113K as regulatory clarity and global developments boost market sentiment, with technical indicators suggesting potential further gains.
Key Points
1. Bitcoin rebounds to $114,650 after dipping to $113,000, amid global regulatory developments.
2. U.S. White House proposes clear crypto oversight: CFTC for spot markets, SEC for securities, reducing jurisdictional uncertainty.
3. France's RN Party proposes Bitcoin mining using excess nuclear energy, potentially setting a global precedent.
4. Former UK Chancellor George Osborne warns the UK is falling behind in crypto adoption, urging regulatory reforms to stay competitive.
5. Bitcoin's technical outlook shows potential for a breakout above $115,343, targeting $116,912 and $118,878, with support at $113,558.
6. Bitcoin Hyper ($HYPER) raises over $6.8M in presale, aiming to combine Bitcoin's security with Solana's speed as a Layer 2 solution.
Description
Bitcoin is hovering near $114,650 after bouncing from a recent dip to $113,000. The rebound comes as global regulatory developments push crypto back into the spotlight. In the U.S., long-awaited White House recommendations propose a clear division of crypto oversight: the CFTC will regulate spot markets , while the SEC will focus on securities. White House Crypto Framework Clarifies SEC and CFTC Roles, Easing Legal Uncertainty for US Firms https://t.co/ClOO2QshNp via @BitcoinWorldN #CryptoRegula...
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