On Monday, November 25, a bill was introduced in Brazil's Congress proposing the creation of a sovereign strategic Bitcoin reserve, which could change the country's approach to digital assets. According to the proposal, the Bitcoin reserve could protect the country's sovereign reserves from currency fluctuations and geopolitical risks, as well as be used as collateral for the central bank's future digital currency.

Technical Analysis

As for the technical picture, the dynamics of the price decline has slowed down. Support is found near the previously mentioned $92000 mark. In order to make trading decisions, it is necessary to follow the market and the efforts of sellers to sell the price below the current levels.