Bitcoin Price Prepares Colossal Move To $50,000 As US Promises Not To Ban Crypto Like China

• Bitcoin price ascends close to $44,000, but the uptrend slows before confirming breakout above the falling wedge pattern.
• The US will not follow China and ban cryptocurrencies but maintains there is a need to regulate stablecoins.

Bitcoin has in the last 24 hours shook the ground, lifting above $43,000. The largest cryptocurrency closed the gap at $44,000 but again failed to confirm this breakout.