Press Release Today TheBitTimes.com

Author：0xMingyue Editor：Colin Wu 1. Hong Kong’s weekly summary 1.1 Hong Kong Legislator Proposes Including Bitcoin Purchases in Investor Immigration link On November 13th, according to Sing Tao Daily, the Hong Kong government has reinstated its investment immigration program after an 8-year hiatus. However, this program does not allow investment in real estate and is not open to mainland Chinese residents. Legislative Council member in Hong Kong’s technology and innovation sector, Dennis Kwok, hopes that the authorities can clarify the scope of assets, such as categorizing Bitcoin traded on licensed virtual asset exchanges as financial products. In theory, this should also allow for inclusion in the Capital Investment Entrant Scheme. 1.2 Hong Kong’s HKMA — Hoping to Explore New Use Cases for Digital Hong Kong Dollars with the Industry link On November 19th, according to Hong Kong 01, the first phase of the Digital Hong Kong Dollar Pilot Program has been completed. Chief Fintech Office...

Bitcoin monthly RSI provides a window of hope as BTC bulls battle multiple long-term resistance trend lines at once in February. Bitcoin (BTC) is leaving traders guessing as the future of the bull market depends on the last week of February. In multiple tweets on Feb. 17, popular trader and analyst Rekt Capital flagged crucial resistance battles ongoing on BTC/USD across multiple timeframes. Bitcoin price squares off with bear market downtrend Bitcoin hit new six-month highs this week as the latest innings of its 2023 recovery kept the bull-bear debate raging. After a consolidatory start to the month, February has turned out to be something of a reckoning point for Bitcoin price strength. Gains have been a lot harder to cement than in January, when BTC/USD finished up nearly 40%. For Rekt Capital, now is the time to pay attention — no matter whether trading daily, weekly or even monthly timeframes. The weekly chart perhaps represents the biggest struggle in the wake of the 2022 bear m...