The post Bitcoin Live News: What Next For BTC Price Ahead Of Next Week’s High-Impact News appeared first on Coinpedia Fintech News

The crypto market continued to showcase its resilience on Thursday following an increased crackdown on digital asset firms in the United States. The total crypto market cap remains above $1.1 trillion, despite Binance US delisting several altcoin trading pairs. According to the latest crypto market data, Bitcoin traded around $26.4k in the past 24 hours with Binance’s BNB, Cardano (ADA), and Solana (SOL) prices dropping the most among the top ten with about 6.9%, 6.4%, and 8.2% respectively.



Bitcoin Price Analysis



According to a popular crypto analyst on Twitter Captain Faibik (@CryptoFaibik), Bitcoin price recently approved a critical decision point that could either result in a breakout on either side. From the bullish perspective, the analyst noted that Bitcoin price has been supported by a rising logarithmic trend line on the daily time frame. Additionally, the analyst noted that the trading instrument rebounded from a falling trendline and is currently retesting the upper boundary. 




“If Bitcoin Maintains its Position above the Trendline and Successfully Breakout from Wedge to the Upside, a Potential Bullish Rally of Approximately +20-25% Can be Anticipated,” the analyst noted .








Nonetheless, the analyst cautioned that Bitcoin price could fall towards $21.5k if the $26k support does not hold in the coming days. 



High Impact News Ahead



Meanwhile, the crypto market is expected to remain in intense volatility as high-impact news approaches in the United States amid regulatory crackdown. Notably, the United States CPI and FOMC data is expected on Tuesday and Wednesday respectively next week.