Bitcoin Price Prediction: BTC Slips Below $105K as Global Policies Shif

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Crypto Writer

Arslan Butt

Crypto Writer

Arslan Butt

Part of the Team Since

Sep 2022

About Author

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

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We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More

Last updated: 

May 30, 2025

Reform UK leader Nigel Farage made waves at the Bitcoin 2025 conference by announcing that the party will now accept Bitcoin and other cryptocurrencies as donations. This makes Reform UK the first major British party to accept digital assets, partnering with Radom, a leading crypto payments platform.

Farage also revealed plans for a “Cryptoassets and Digital Finance Bill” if his party wins the next UK election, to be enacted before 2029.

Key proposals include reducing the crypto capital gains tax from 24% to 10%, establishing a Bitcoin reserve at the Bank of England, and opposing the introduction of a UK central bank digital currency (CBDC).

Farage’s experience of being debanked has led to this crypto-friendly stance, which could resonate with the estimated 7 million UK crypto holders, especially the 25% under 30.

India’s Regulatory Shift Could Change the Crypto Landscape

India is set to release a discussion paper on crypto regulation in June 2025, marking a significant milestone in its stance on digital assets. This paper will incorporate inputs from the FSB and IMF, and will involve stakeholders from the IT and finance sectors.

While the Reserve Bank of India is cautious and promoting its CBDC as a safer alternative, the global trend of regulatory acceptance, including pro-crypto comments from US Vice President J.D. Vance, suggests India may soften its stance.

Clarity on India’s crypto policies could boost institutional and retail confidence, making Bitcoin more resilient.

New York’s “Bitbond” Plan and Technical View on Bitcoin

At Bitcoin 2025, New York City Mayor Eric Adams announced plans to issue a Bitcoin-backed municipal bond, the “Bitbond”, where investors can earn returns tied to Bitcoin’s performance. He also renewed calls to scrap New York’s BitLicense, saying it stifles innovation.

“You have a crypto mayor,” he said, vowing to make the city more crypto-friendly. This could attract institutional interest and increase the likelihood of long-term Bitcoin adoption.

Bitcoin Price Prediction – Technical Outlook

On the technical front, the Bitcoin price prediction is bearish. On the 2-hour chart, BTC/USD is in a descending channel with lower highs and lower lows.

The 50-period EMA acts as resistance, and the MACD exhibits deep red histograms and a bearish signal line crossover. A “Three Black Crows” pattern is strong bearish.

Support is at $102,168, and resistance is near $106,655. If BTC breaks $102,168, it could test $100,799 or $99,356. A bullish reversal – a hammer or morning star pattern, with MACD divergence and EMA crossover – could take it back to $106,655.

Best Wallet ($BEST): The Future of Crypto Storage and Access

Best Wallet is capturing the spotlight as one of the hottest crypto projects, blending security, accessibility, and early-stage opportunities. With a sleek interface available on Google Play and the App Store, it supports over 1,000 cryptocurrencies. As the first wallet to integrate Fireblocks MPC-CMP technology, it’s already ahead of the curve in wallet innovation.

Key features include an Upcoming Tokens page that allows users to buy presale tokens directly within the app, without the need to connect wallets to potentially risky sites.

This seamless integration enables users to track token growth within their portfolio, all while benefiting from Fireblocks-backed security and a no-KYC sign-up process.

The $BEST Token isn’t just a utility; it’s a game-changer. It unlocks reduced transaction fees, higher staking yields, and exclusive early access to projects. Holders even receive governance rights, shaping the future direction of the Best Wallet ecosystem.

Additionally, the platform’s airdrop campaigns and quests provide further earning opportunities for loyal users.

With over $12.85 million raised in its presale and tokens priced at $0.025105, now is the time to act. Secure your $BEST allocation before the next price jump, and gain early access to a wallet that’s redefining how crypto enthusiasts and investors interact with digital assets.