Bitunix analyst: US Congress overturns Biden's crypto tax rules, BTC rebounds to $87,500, short-term focus on the $88,000 to $89,000 pressure zone

03-27

This article is machine translated

Show original

On March 27, BTC broke through $87,500, currently trading at $87,360. The rally was influenced by the U.S. Senate voting to repeal the Biden administration's crypto tax rules, with the bill expected to be signed by Trump, becoming the first official cryptocurrency law in the United States and bringing positive market sentiment.

Trump also publicly supported Bitcoin, praising the Bitcoin Bill advocate Cynthia Lummis, and emphasized his commitment to making the U.S. the "global crypto capital," which led to a positive market reaction and BTC's subsequent rise.

Bitunix analysts suggest: BTC short-term support level: $85,500, resistance level: $89,000. If it breaks through $89,000, it may test $90,500; if it falls below $85,500, it may retrace to $83,000. Long-term investors should pay attention to Bitcoin ETFs and regulatory policies, and gradually increase long-term positions.

Sector:

Halving Tokens

Source

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.

Add to Favorites

Comments

Relevant content