Bitcoin price started a fresh surge and cleared the $74,200 zone. BTC is consolidating and might aim for more gains above the $75,500 level.

• Bitcoin managed to stay above $73,200 and started a fresh increase.
• The price is trading above $74,200 and the 100 hourly simple moving average.
• There is a declining channel forming with resistance at $75,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair might extend gains if it stays above the $73,950 and $72,650 levels.

Bitcoin Price Aims for More Upsides

Bitcoin price found support near $71,200 and started a fresh increase. BTC gained pace for a move above the $72,500 and $73,200 resistance levels.

The bulls even pushed the price above the key level at $75,000. A high was formed at $76,088, and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the upward move from the $70,518 swing low to the $76,088 high.

Bitcoin is now trading above $74,200 and the 100 hourly simple moving average. There is also a declining channel forming with resistance at $75,200 on the hourly chart of the BTC/USD pair.

If the price remains stable above $74,000, it could attempt a fresh increase. Immediate resistance is near the $74,800 level. The first key resistance is near the $75,200 level. A close above the $75,200 resistance might send the price further higher. In the stated case, the price could rise and test the $76,000 resistance. Any more gains might send the price toward the $77,500 level. The next barrier for the bulls could be $78,000.

Downside Correction In BTC?

If Bitcoin fails to rise above the $75,200 resistance zone, it could start another decline. Immediate support is near the $73,950 level. The first major support is near the $73,300 level.

The next support is now near the $72,650 zone or the 50% Fib retracement level of the upward move from the $70,518 swing low to the $76,088 high. Any more losses might send the price toward the $72,000 support in the near term. The main support now sits at $71,850, below which BTC might struggle to recover in the near term.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $73,950, followed by $72,650.

Major Resistance Levels – $75,200 and $76,000.

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Bitcoin price started a recovery wave above $67,500. BTC is now consolidating below $68,800 and might struggle to continue higher.

• Bitcoin started a recovery wave above $67,000 and $67,200.
• The price is trading above $67,000 and the 100 hourly simple moving average.
• There is a rising channel forming with resistance at $68,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair might start another decline if it stays below the $68,500 and $68,800 levels.

Bitcoin Price Eyes Recovery

Bitcoin price formed a base above $65,500 and started a recovery wave. BTC was able to settle above $66,000 to move into a short-term positive zone.

The price climbed above the $67,200 resistance zone. The bulls even cleared the 38.2% Fib retracement level of the downward move from the $71,986 swing high to the $65,030 low. However, the bears are now active near the $68,500 resistance zone.

Bitcoin is now trading above $67,000 and the 100 hourly simple moving average. If the price remains stable above $67,000, it could attempt a fresh increase. Immediate resistance is near the $68,500 level or the 50% Fib retracement level of the downward move from the $71,986 swing high to the $65,030 low.

The first key resistance is near the $68,800 level. There is also a rising channel forming with resistance at $68,800 on the hourly chart of the BTC/USD pair. A close above the $68,800 resistance might send the price further higher. In the stated case, the price could rise and test the $69,250 resistance. Any more gains might send the price toward the $69,500 level. The next barrier for the bulls could be $70,000.

Another Drop In BTC?

If Bitcoin fails to rise above the $68,800 resistance zone, it could start another decline. Immediate support is near the $67,000 level. The first major support is near the $66,800 level.

The next support is now near the $65,800 zone. Any more losses might send the price toward the $65,800 support in the near term. The main support now sits at $65,000, below which BTC might struggle to recover in the near term.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $67,000, followed by $65,800.

Major Resistance Levels – $68,500 and $68,800.

Ethereum price started a recovery wave above the $2,120 zone. ETH is now consolidating above $2,140 and is struggling to clear the $2,200 resistance.

• Ethereum started a recovery wave above the $2,150 zone.
• The price is trading above $2,120 and the 100-hourly Simple Moving Average.
• There is a new bearish trend line with forming resistance at $2,175 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could start a fresh decline if it stays below the $2,205 resistance.

Ethereum Price Faces Resistance

Ethereum price managed to stay above $2,050 and started a recovery wave, like Bitcoin. ETH price was able to climb above the $2,080 and $2,120 resistance levels.

The price cleared the 38.2% Fib retracement level of the downward move from the $2,385 swing high to the $2,025 low. However, the bears seem to be active below the $2,200 resistance. There is also a new bearish trend line with forming resistance at $2,175 on the hourly chart of ETH/USD.

Ethereum price is now trading above $2,140 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,100, the price could attempt another increase. Immediate resistance is seen near the $2,175 level and the trend line.

The first key resistance is near the $2,205 level or the 50% Fib retracement level of the downward move from the $2,385 swing high to the $2,025 low.

The next major resistance is near the $2,250 level. A clear move above the $2,250 resistance might send the price toward the $2,300 resistance. An upside break above the $2,300 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,345 resistance zone or even $2,365 in the near term.

Another Drop In ETH?

If Ethereum fails to clear the $2,175 resistance, it could start a fresh decline. Initial support on the downside is near the $2,120 level. The first major support sits near the $2,100 zone.

A clear move below the $2,100 support might push the price toward the $2,065 support. Any more losses might send the price toward the $2,020 region. The main support could be $2,000.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now below the 50 zone.

Major Support Level – $2,065

Major Resistance Level – $2,175

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.

• A new framework would allow trading, custody, and approved coins.
• Banks must follow strict KYC, AML, and CNV regulations.
• High inflation has pushed people toward Bitcoin and stablecoins.

Argentina is preparing for a major shift in how its financial system treats digital assets, with regulators working on a plan that could allow banks to offer Bitcoin and other crypto services for the first time in three years.

The move marks a notable shift for a country where crypto has become a day-to-day tool for people trying to manage inflation, and it signals a wider effort to bring informal crypto activity into regulated channels.

The change remains under review, but internal planning shows that Argentina wants its banking system to play a formal role in crypto access, custody, and compliance.

Banks and crypto rules evolve

Argentina’s central bank, the Banco Central de la República Argentina, has restricted banks from handling crypto since May 2022.

The regulation was designed to contain financial risks and prevent money-laundering activity during a period of economic instability.

The policy now sits at the centre of a broader reassessment of how digital assets fit into a financial system that is struggling with persistent inflation and rising demand for stable alternatives.

Since December 2023, the arrival of President Javier Milei has reshaped the conversation.

His administration has promoted financial freedom, arguing that people should be able to choose different forms of money, including Bitcoin.

This shift has influenced how regulators approach the current ban and has accelerated work on a new framework.

New framework plans grow

Reports indicate that the central bank is developing a system that would permit banks to integrate crypto into their services.

The plan includes trading access, custody options, and a list of approved coins, limited to assets such as BTC, ETH, USDC, USDT, and XRP.

Banks would need to comply with strict rules under the CNV, follow enhanced KYC and AML procedures, and operate crypto activities through legally separate units with additional capital, security, and liquidity requirements.

The approach represents a transition from prohibition to controlled participation.

Argentina would be one of the first inflation-hit economies to regulate crypto within mainstream banking rather than leaving it to informal platforms.

The change also aims to reduce regulatory gaps and improve transparency across transactions that citizens already rely on to protect their savings.

Inflation pressures fuel demand

Crypto adoption has grown rapidly in Argentina over the past three years as households look for ways to preserve value.

With inflation reaching 1,427% in 2023 and still rising more than 2% each month, people have turned to Bitcoin and dollar-linked stablecoins to manage daily expenses, store money, and avoid exposure to the peso’s depreciation.

Regulators now want this activity to operate under formal safeguards.

Allowing banks to support crypto services would offer a safer environment, limit the use of unregulated exchanges, and help authorities strengthen financial monitoring.

It would also create a more structured relationship between digital assets and traditional banks during a period of economic stress.

Timeline points to 2026

Although approval is not final, experts suggest that the updated rules could be ready around April 2026. Work on the technical structure is already underway.

If the proposal moves forward, Argentina could become a key example of how a country facing extreme inflation integrates crypto into conventional financial channels.