BTCUSD

BTCUSD is looking for direction at the pivot of 118084.44, with resistances at 120480.34, 119675.04, and 118834.14, respectively. The most important crypto news of the week is that U.S. presidential candidate Donald Trump signed the Genuis agreement; this development could reflect an increase in confidence in Bitcoin and the crypto market in general. On the macro side, data from the U.S. such as PMI and new home sales could increase volatility in crypto if it causes fluctuations in the dollar. Supports should be monitored at 117273.54, 116453.84, and 115849.54. Investors will continue to take direction based on support-resistance breaks in the short term by following both political developments and macro data.