The post Here’s When Bitcoin (BTC)Price Will Hit New ATH appeared first on Coinpedia Fintech News
After briefly rallying above $66,000 in the past two days, Bitcoin’s (BTC) price stabilized above $65k on Friday. The flagship coin has consistently traded above the 50-day Moving Average (MA), a clear indication that the bulls are in control.
Nonetheless, Bitcoin’s price is not completely out of the woods. It could retrace further below $60k before establishing a robust uptrend.
Bitcoin Wins Over Wall Street
In the past year, Bitcoin price has heavily benefited from the ongoing mass adoption by institutional investors and clearer regulatory frameworks, particularly in the United States.
On Thursday, the US Senate voted overwhelmingly to overturn the SAB 121, a rule by the U.S. SEC to restrict banks from holding crypto assets.
Currently, the US President, Joe Biden, is expected to either approve or veto the legislation, which could greatly impact the upcoming pre
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