Poland's Sejm Approves Crypto Regulation Bill Ahead of MiCA Deadline
- Legislative Approval: Poland's Sejm passed a government-backed crypto regulation bill with a 241-200 vote, marking a decisive alignment with the EU's Markets in Crypto-Assets Regulation (MiCA) after two vetoes by President Karol Nawrocki.
- Enhanced Regulatory Authority: The new legislation empowers the Polish Financial Supervision Authority (KNF) to oversee market participants and impose administrative sanctions, aiming to improve market transparency and compliance in line with the upcoming MiCA implementation.
- Ongoing Political Controversy: Despite the bill's passage, debates over crypto regulation remain contentious in Poland, with opposition parties proposing a complete ban on crypto activities, highlighting tensions between innovation and consumer protection.
- Market Impact: The KNF's regulatory framework will affect exchanges and wallet providers, requiring adherence to stricter compliance standards while introducing temporary account and transaction blocking mechanisms to address suspicious activities, raising concerns about user rights protection.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 3 indicators are flashing buy, while 5 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 | 74394.268 | 76526.634 | 78585.268 | 80717.634 | 82776.268 | 84908.634 | 86967.268 |
| Fibonacci | 76526.634 | 78127.596 | 79116.672 | 80717.634 | 82318.596 | 83307.672 | 84908.634 |
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