📰 UK Home Office to Sell Seized Bitcoin Assets, Budget Deficit Move Weighs on BTCUSD
📅
Jul 21, 2025, 14:57 EDT
| 🔗 Source: ZyCrypto
🧠 Summary
UK Home Office plans to sell seized crypto assets to address a government budget deficit, signaling no immediate impact on BTCUSD price.
💡 Why this signal?
- Bitcoin is struggling to overcome strong resistance around $119,482, indicating limited upward momentum.
- Failure to close the weekly bar above resistance could trigger bearish sentiment and a correction toward the $112,000 support zone.
- Current sideways trading suggests market indecision, with increased downside risk if the support level breaks.
📈 BTCUSD Price Trend
⏱️ Impact Timing
depending on weekly close, shortly after week end
👥 Competitor Impact
No competitors impacted.
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