Canada: Pushes Bitcoin ATM Ban

Canada's government drives a broad ban on Bitcoin and crypto ATMs to slash rising scams, signaling tighter crypto regulation news that could reshape access in the region.

As a senior macro-crypto prop trader, I see confluence stacking against BTC on the 4-hour chart. Price clings to $76099.72, trapped inside Bollinger Bands with upper resistance at $77968.72 acting as a firm cap on any upside bursts, while lower support at $75246.19 offers scant cushion in this bearish setup. The EMA50 at $76767.41 looms as immediate overhead resistance, crossed only if buyers overwhelm the death cross in MACD at -386.37, but neutral RSI at 43.84 hints at no real momentum shift yet—expect a probe toward the EMA200 support at $74143.01 if sellers press, mirroring last quarter's regulatory squeezes that tanked Bitcoin price prediction models amid crypto market crash fears.