Bitcoin price is showing strong upward momentum, currently trading at around $68,000, supported by a solid 50-day EMA near $67,500.
This upward channel has strengthened the bullish sentiment, with traders eyeing potential resistance levels around $69,140. Key factors such as institutional interest and tightening exchange reserves are adding to Bitcoin’s potential for further gains, making it a focal point for investors looking to capitalize on the ongoing price rally.
In January, Council posted false information claiming that bitcoin exchange-traded funds (ETFs) were approved, causing bitcoin to spike by $1,000.
Eric Council Jr., a man in his mid-20s from Alabama, has been arrested by the FBI for allegedly hacking the SEC’s X (formerly Twitter) account to manipulate bitcoin prices.
FBI Arrests Alabama Man for Bitcoin Manipulation in SEC Hack
Council, who was paid in bitcoin for his actions, now faces charges of fraud and identity theft.
Although the tweet was quickly deleted, it raised concerns about the security of both the SEC and X platforms.