sophia5stist

@sophia5stist

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The bearish figures are still an improvement over 2023’s 9% and 14% survey outcome, respectively, for US political cooperation and international peace.

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The most recent poll also shows only 23% of Americans expect “positive” political cooperation within the US under the Trump administration, and only 32% predict 2025 will be somewhat peaceful internationally.

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About 66% of respondents tipped 2025 to be a year when the stock market rises, marking a 30 percentage point increase from the 2023 outlook taken in December 2022, during a period of high inflation and low confidence in the economy.

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On the contrary, if the price rises above the downtrend line, it will suggest that the pullback may be over. The pair could rise to $3.34 and subsequently to the overhead resistance of $3.50. If this level is cleared, the pair may start the next leg of the uptrend.

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The bulls are trying to start a rebound off the 50-SMA, but the recovery is expected to face selling at the downtrend line. If the price turns down sharply from the downtrend line, the possibility of a break below the 50-SMA increases. That could start a decline to $2.40.

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contrary to this assumption, if the price maintains below $3, the bears will try to pull the pair to the 20-day EMA ($2.43). Such a deep pullback increases the possibility of a range formation in the near term.

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The bulls are trying to arrest the decline at $3. If the price turns up from the current level, the BGB/USDT pair will again attempt to rise above the overhead resistance of $3.50. If that happens, the rally could extend to $4.

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Bitget Token (BGB) has been in a strong uptrend, but the rally turned down from $3.50 on Dec. 12, signaling profit booking by traders.

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Instead, if the price turns down and breaks below the 20-EMA, it will suggest that the buyers are booking profits. The pair may drop to the 50-SMA, which is likely to attract strong buying by the bulls.

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The pair has rebounded off the 20-EMA, which is a critical near-term support for the bulls to defend. If the price maintains above the 20-EMA, the bulls will try to propel the pair above the $400 resistance.

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The first support on the downside is the 38.2% Fibonacci retracement level of $330. If the price rebounds off this support, the likelihood of an upside breakout remains. On the other hand, a break below $330 could sink the pair to the 20-day EMA ($283).

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The AAVE/USDT pair is facing selling near $400, but the bulls have not ceded much ground to the bears. This suggests that the bulls are holding on to their positions as they anticipate the up move to continue. If buyers thrust the price above $400, the pair could skyrocket to $450.

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If buyers want to prevent the deep correction, they will have to quickly push and maintain the price above $31. If they do that, the pair is likely to accelerate toward $34.50.

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Trump also nominated pro-crypto Paul Atkins to replace Gensler as SEC chair and cited Atkins’ role as co-chairman of the Digital Chamber’s Token Alliance as one of the reasons for the nomination.

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President-elect Donald Trump is reportedly considering handing the CFTC oversight over crypto during his upcoming term, which would also classify most crypto projects as commodities if they meet certain criteria.

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Nestled within the FIT21 legislation was a provision to regulate digital assets under either the SEC or the Commodity Futures Trading Commission (CFTC), depending on the specific digital asset’s level of decentralization.

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In May, Congress passed the Financial Innovation and Technology for the 21st Century Act (FIT21). The market structure bill outlined a comprehensive regulatory framework for digital assets. However, the bill was halted in the Senate and was never passed into law.

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Thus, a retest of the 50-day EMA and a drop to $0.34 and $0.32 can occur before its next bullish leg up.

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