Bitcoin price descending channel and loss of momentum could turn $60K to resistance By Cointelegraph

© Reuters.

(BTC) seems to lack the power to retest the $67,000 all-time excessive that it reached on Oct. 20, and that is inflicting buyers to query whether or not the bullish second has pale. Even with the value going through these hurdles, it’s nonetheless untimely to name the $58,000 assist degree check the start of a descending channel.

Bitcoin value in USD at Coinbase (NASDAQ:). Supply: TradingView

Among the many elements limiting the rally is the regulatory uncertainty in the US. Anne Termine, a accomplice within the authorities enforcement and investigations observe at Bracewell LLP and former chief trial lawyer on the Commodities Futures Buying and selling Fee, stated that “there aren’t any straightforward solutions” for the company to offer clear guidelines.

Bitcoin 3-month futures foundation charge. Supply: Laevitas
Deribit Bitcoin choices 25% delta skew. Supply: