#thebitcoinact
thebitcoinact
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Cynthia Lummis has announced that she will reintroduce her BTC reserve bill, The Bitcoin Act, in the Senate today alongside co-sponsor, Republican West Virginia Senator Jim Justice. As U.S. states actively push for Bitcoin legislation, what impact could this reintroduction have?
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$BTC Bitcoin Analysis
Bitcoin is at the last point in the distribution phase before the drop and correction, and the start of the accumulation phase, now at the last supply point.
Sell Signal (SOW)
The minimum is breached when the price starts to confirm its downward trend. Another last supply point may form, but this is the final step before the drop.
Last Supply Point (LPSY)
After the price drops, the final tests of the demand level are conducted. Like the accumulation phases, these points can form before or after the sell signal and are usually the last upward movements before the drop.
#BTC #bitcoin #BinanceAlphaAlert #TrendingTopic #TheBitcoinAct $XRP
$ETH
Bitcoin is at the last point in the distribution phase before the drop and correction, and the start of the accumulation phase, now at the last supply point.
Sell Signal (SOW)
The minimum is breached when the price starts to confirm its downward trend. Another last supply point may form, but this is the final step before the drop.
Last Supply Point (LPSY)
After the price drops, the final tests of the demand level are conducted. Like the accumulation phases, these points can form before or after the sell signal and are usually the last upward movements before the drop.
#BTC #bitcoin #BinanceAlphaAlert #TrendingTopic #TheBitcoinAct $XRP
$ETH
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