{"id":607726,"date":"2023-02-13T23:49:14","date_gmt":"2023-02-14T05:49:14","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/02\/13\/fud-around-busd-may-drag-the-bitcoin-lower-this-is-what-one-can-expect-from-btc-price-this-week\/"},"modified":"2023-02-13T23:49:14","modified_gmt":"2023-02-14T05:49:14","slug":"fud-around-busd-may-drag-the-bitcoin-lower-this-is-what-one-can-expect-from-btc-price-this-week","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/02\/13\/fud-around-busd-may-drag-the-bitcoin-lower-this-is-what-one-can-expect-from-btc-price-this-week\/","title":{"rendered":"FUD Around BUSD May Drag the Bitcoin Lower-This is What One can Expect from BTC Price This Week!"},"content":{"rendered":"
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\"btc\"<\/figure>\n<\/div>\n
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The fresh weekly trade began with the rounds of the SEC restricting Paxos<\/a> from issuing new BUSD coins. The platform is believed to face a lawsuit from the SEC in connection with issuing BUSD labeled as \u2018unregistered securities\u2019 with a total capitalization of $16B, with 90% of it concentrated on Binance.\u00a0<\/p>\n

Amid the chaos, the Bitcoin price slides close to $21,500 and continues to hover below $21,700, failing to test the crucial resistance at $21,800. The selling pressure has mounted and the bearish trend may prevail with the BTC price for some more time.\u00a0<\/p>\n

What can we expect with the BTC price in the coming days?<\/h2>\n
Source: Tradingview<\/a><\/figcaption><\/figure>\n

Well, it all depends on the fresh CPI rates<\/a> which are to be released a few hours from now. If the CPI rates are announced lower than 6.2% then a decent gain may be recorded within the markets. In such a case, the price trend may follow the blue line indicated in the above chart. The price may consolidate for a while and quickly rise high to reach beyond $25,000 by the end of the month.\u00a0<\/p>\n

However, the upswing may continue in the coming days which could uplift the price above $40,000. Conversely, the bearish case could emerge when the CPI rates are announced as higher than the expected 6.2%. This may create a depression in the crypto prices which could drop back to the liquidity zone below $20,000 and consolidate for some time there.\u00a0<\/p>\n

In either case, the Bitcoin (BTC) price<\/a> is believed to rise high and reach the desired target of $50,000 later this year.<\/p>\n<\/div>\n

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Sahana Vibhute<\/a><\/h3>\n

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

<\/span> Back to top button<\/span> <\/a><\/p>\n<\/div>\n

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\n Sahana Vibhute<\/p>\n","protected":false},"excerpt":{"rendered":"

The fresh weekly trade began with the rounds of the SEC restricting Paxos from issuing new BUSD coins. The platform is believed to face a lawsuit from the SEC in connection with issuing BUSD labeled as \u2018unregistered securities\u2019 with a total capitalization of $16B, with 90% of it concentrated on Binance.\u00a0Amid the chaos, the Bitcoin<\/p>\n","protected":false},"author":1,"featured_media":607727,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1223,4041],"tags":[],"class_list":{"0":"post-607726","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-around","8":"category-bitcoin"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/607726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=607726"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/607726\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/607727"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=607726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=607726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=607726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}