Bitcoin price prediction is neutral during the US session, but BTC has exhibited a minor positive comeback, having bounced off over the $16,430 barrier. Although it is still intact, the limited trading range of $16,400 to $16,750.
Since last Sunday, foreign investors who buy bitcoin in the UK through local investment managers or brokers are not subject to capital gains tax. In an effort to make the UK a hub for the bitcoin industry, Prime Minister Rishi Sunak announced the tax exemption in December.
Tax information is already available for cryptocurrency traders who reside in the nation. HM Revenue and Customs published a consultation in July to get input from professionals and investors on taxation decentralised finance (DeFi).
Parliament is currently debating the Financial Services and Markets Bill, which, if passed, will give regional financial regulators more authority over cryptocurrencies. In the upcoming weeks, the UK Treasury plans to release a consultation on how the cryptocurrency industry should be governed.
Today Bitcoin Price
| DATE | BTC | USD |
|---|---|---|
| Today | 01 | $ 16,657.95 |
Bitcoin Price Prediction
The price of one bitcoin is currently $16,624, and $9.5 billion worth of bitcoin has been traded in the previous day. The upward trend line near $16,460, where the cryptocurrency is finding support, can be observed on the 4-hourly chart of Bitcoin.
If Bitcoin rises above the previous resistance level of $16,720, it may hit a price of $16,990. Since the RSI and MCD are both down, a bearish break below $16,460 might put $16,200 and $16,000 in play for Bitcoin. Bitcoin (BTC) may drop below $15,500 if it loses another $16,000 today.
