Bitcoin Price Plummets Amid Flag Pattern
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UAE FTACoinGape
•Will Bitcoin Price Benefit from UAE’s New VAT Exemptions for Virtual Assets?
70% Informative
Bitcoin price surged 0.55% during the low-volatility weekend , currently trading at $ 62400 .
UAE Federal Tax Authority ( FTA ) introduced a major revision to VAT regulations, exempting virtual asset transfers and conversions retroactive from January 1, 2018 .
The $ 60,000 level backed by 200-day exponential moving creates a high-interest area for crypto buyers.
If Bitcoin price breaks below $ 60 support or reverts from flag resistance, sellers could accelerate the bearish momentum.
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