Bitcoin's Uncertain Future: Price Struggles and Volatility Signal Potential Bull Run.

Bitcoin's price struggles to hold above $30,000 due to increased regulatory scrutiny, particularly in the US. The CFTC has accused Binance of violating US rules, while the SEC is revisiting the proposed redefinition of an "exchange" and has charged Bittrex for operating an unregistered securities exchange. Meanwhile, Hong Kong's regulatory environment seems to have improved, and Argentina has approved a Bitcoin-based futures index. Options traders are leaning towards bearish structures, and Bitcoin futures metrics remain neutral-to-bearish. Investors fear regulatory action could dim demand for retail and institutional clients, so the odds of Bitcoin breaking above $31,000 remain slim.