$BTCUSD Forex Signal: Bullish Outlook as Wall St Rebounds Bitcoin Forexsignals
Enter your emailThe pair will likely continue the recovery process as investors target the upper side of the channel at 25,000.Timeline: 1-2 day.tilted upwards as investors react to the strong rebound of American stocks and the regulatory clarity in the United States.Get StartedRegulation is one of the top issues in the blockchain industry. As a result, many companies and institutional investors have avoided investing in bitcoin and other cryptocurrencies.
The bill comes at a time when many Americans have lost billions of dollars after the price of bitcoin and other commodities collapsed. Also, several companies in the sector like Celsius and Voyager Digital recently went bankrupt. This performance helped lift the top US indices like the Dow Jones and S&P 500 sharply higher. The indices rose by more than 1.5%. In the past few weeks, the indices have had a positive correlation with bitcoin.
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