Bitcoin is currently approaching a critical support level of $25,000, and traders and investors are closely monitoring the market dynamics to determine its next potential move. The regulatory uncertainty in the United States, along with the strength of the US dollar, is impacting the market sentiment. The investigation into Marathon Digital by the SEC and the challenges faced by Digital Currency Group's subsidiaries are also contributing to the uncertainty. The current price of Bitcoin is $26,454, and it has found support around the $26,300 level after halting its downward trend. The oversold indicators suggest a potential bullish rebound, but the bearish bias still persists. The $26,000 level is a crucial pivot point to watch, and if Bitcoin holds above this level, it may test the next resistance levels at $27,500 or $28,400.
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