1. Bitcoin BTC/USD Stops Seen Below 24 July 2022 BTC
Bitcoin (BTC/USD) opened a new technical direction early in the Asian session as the pair moved above the 22226.19 area, a 38.2% retracement from the 18892 to 24287.13 price range. A recent move to a multi-week high was a test of the 24,558.33 area, which represents a 50% retracement level from the 31,549.21 to 17,567.45 range. Additional reversal levels in this bearish zone include the 26208, 28249 and 28557 areas, and potential selling pressure around the 25778 and 26014 levels. , the previous bullish price target associated with historical buying pressure from 3858 and 9819.83 levels.
The technical significance of these highs was confirmed when the BTC/USD pair tested the 17,787.51 area in mid-June, and additional price targets include the 25,142.29 and 31,717.02 areas. Areas of possible support and buying pressure include the 21406, 20926, 20446, 19852 and 19762 levels. Other important technical areas on the downside include the 16990.14, 14500.15 and 10432.73 areas. Traders show a sharp rise above the 50-bar MA (4-hours) above the 100-bar MA (4-hours) and above the 200-bar MA (4-hours). Also shows acceleration at 50 bar mA(h) over 100 bar mA(h) and 200 bar mA(h).
Price action is near 50 bar (4 hours) MA 21978.08 and 50 bars (hours) MA 23189.88.
Expect technical support around 16990.14 / 14500.15 / 10432.73 with a stay below.
Technical resistance is expected near 24365.11 / 27455.20 / 32383.96, with a pending stop above it.
On the 4-hour chart, Sloke is better than Slody, and MACD is below the McDAI average.
On the 60-minute chart, Sloke is bullish above Slody, and MACD is above the McDAI average.
2.. Campaigners In California Bitcoin Can Now Receive
The California campaign is currently accepting donations in Bitcoin (BTC) and other cryptocurrencies.
Candidates for local and statewide offices can breathe a sigh of relief now that the state’s campaign regulator has lifted a four-year ban on crypto donations and contributions.
According to the bill, there should be mechanisms to collect such donations through a payment agent. It will be registered with the US Treasury under the Financial Crimes Enforcement Network (FinCEN).
Members of the California Fair Political Practices Commission voted unanimously to lift the ban, which has been in effect for several years. Instead, they voted to create new rules to restrict crypto donation transactions. “This is a new and changing time for the western United States,” Legal Department General Counsel David Bainbridge said at a commission meeting in July.
Meanwhile, Bainbridge said the need for legislative amendments for the project may be imminent. At the same time, he believes that the current regulation will bring crypto contributions to fairness without violating any laws.
3.. Receiving Crypto Donations Via the Payment Processor
The payment process will also use Know-Your-Customer (KYC) verification to confirm the sender's identity. To function properly, the payroll operator must collect personal information such as name, address, place of employment and position.
The law states that "a person can donate cryptocurrency as a gift if the person converts the cryptocurrency to cash at the time of the donation and the party will claim it."
Participation must not exceed the limits already announced. All donations, converted to US dollars, must be deposited into the recipient's bank account within 24 hours of donation.
When you advertise a free cryptocurrency, the advertising price will be the fair market value of the cryptocurrency during the free checkout process.
Finally, the California commission bill will be fully implemented within the next 60 days.
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