Posted 11/22/2023, 8:00:00 PM
Bitcoin Faces Critical Support Level After Rejection from $36K
- Bitcoin price rejected from $36,788 level, could retest $30,000 support if 25-day EMA at $35,525 gives way
- SEC commissioner Hester Pierce says no reason to deny spot Bitcoin ETF applications
- Pierce acknowledges court ruling against SEC rejection as a positive nudge
- Bitcoin remains overall bullish, needs to break $37,972 to confirm upside move
- Increased seller momentum signals potential drop towards $30,000 psychological support