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Bitcoin: Regulatory Tailwinds on the Horizon, But Price Faces Headwinds

Bitcoin: Regulatory Tailwinds on the Horizon, But Price Faces Headwinds

Analysts at Standard Chartered Bank believe a second term for Donald Trump as U.S. President could usher in a new era for Bitcoin. A more lenient regulatory landscape could act as a launchpad for the world’s leading cryptocurrency. This could involve less government scrutiny and potentially, pro-crypto tweets from Trump himself.


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  • A Trump re-election could be a positive regulatory development for Bitcoin.
  • Bitcoin could benefit from its status as a hedge against traditional currencies.
  • Bitcoin ETF approvals could bring significant investment, but be mindful of potential outflows.
  • Short-term price movements depend on overcoming resistance levels and technical indicators suggest a possible downside.

Bitcoin Beyond the Dollar

While Trump is known for his skepticism towards international agreements, his preference for a strong dollar could ironically benefit Bitcoin. Investors might seek Bitcoin (BTC) as a hedge against traditional currencies like USD. Trump might embrace Bitcoin’s potential as a tool in international finance, further solidifying its position.

Bitcoin ETFs: A Double-Edged Sword

Over 35 Bitcoin ETF applications are pending approval by the SEC. These could unlock massive inflows from institutional investors, potentially driving the price up. However, recent outflows from existing Bitcoin ETFs, particularly Grayscale’s GBTC, have caused price dips. This highlights the double-edged sword of ETFs – they can amplify both inflows and outflows.

BTC/USD Technical Analysis

  • Resistance Levels: Bitcoin has struggled to break past the critical resistance level of $65,500. Failing to overcome this hurdle could see a drop to the next support level around $63,350. A further breach could lead to a steeper decline towards $60,000 or even $58,000.
  • Support Levels: If the price can hold above $63,350, there’s a possibility of a rebound. However, a strong support level sits at $61,000. A drop below this level could trigger significant sell-offs.
  • Technical Indicators: The hourly MACD and RSI are currently bearish, indicating downward momentum. The MACD is below the zero line and trending downwards, while the RSI is below 50

The future of Bitcoin hinges on multiple factors. Regulatory changes, ETF approvals, and overall market sentiment will all play a role. While there are positive signs on the horizon with potential regulatory relief from a Trump re-election and institutional investment through ETFs, investors should be aware of the technical indicators suggesting a possible price decline in the near future.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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