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Bitcoin price descending channel and loss of momentum could turn $60K to resistance -Breaking

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BTCThe price () seems to be struggling to reach the $67,000 high it hit on Oct. 20. This is making investors question whether this bullish moment has passed. Even with the price facing these hurdles, it’s still premature to call the $58,000 support level test the beginning of a descending channel.Bitcoin Price in USD at Coinbase. TradingView

One of the obstacles to the rally is regulatory uncertainty in the United States.

Anne Termine, a partner in the government enforcement and investigations practice at Bracewell LLP and former chief trial attorney at the Commodities Futures Trading Commission, said that “there are no easy answers” for the agency to provide clear rules. Base rate of Bitcoin 3-month Futures. Source: Laevitas

Deribit Bitcoin options 25% delta skew. Source: laevitas.ch
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