Bitcoin Policy Institute Launches Two-Year Financial Privacy Study Amid Rising Concerns of 71% of Americans
- Research Collaboration Launched: The Bitcoin Policy Institute, Fedi, and Cornell University have initiated a two-year study to explore Americans' views on financial privacy and their responses to regulation, combining quantitative surveys with qualitative interviews to provide empirical evidence for policy debates.
- Rising Privacy Concerns: A 2023 Pew Research Center survey found that 71% of U.S. adults are very or somewhat concerned about how the government uses their data, up from 64% in 2019, indicating a growing public awareness regarding data collection practices.
- Developer Challenges: U.S. authorities have adopted harsher policies against non-custodial service developers, accusing them of operating unlicensed money-transmitting businesses, leading to criminal convictions and long prison sentences, which heightens fears surrounding the development of privacy tools.
- Market Structure Bill Controversy: In Washington, the ongoing debate over the crypto market structure bill has emerged as a critical battleground for the future of developers and decentralized finance (DeFi), with industry organizations urging lawmakers to provide robust protections for software developers to prevent vague obligations from pushing them offshore or into traditional financial intermediary roles.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 66835.142 | 70886.331 | 74747.622 | 78798.811 | 82660.102 | 86711.291 | 90572.582 |
| Fibonacci | 70886.331 | 73908.898 | 75776.244 | 78798.811 | 81821.378 | 83688.724 | 86711.291 |
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