Bitcoin Volatility Surges as Paul Atkins Faces SEC Nomination Hearing

The crypto market is preparing for potential shifts as Bitcoin volatility remains a key amid regulatory changes. Former SEC commissioner Paul Atkins is set for a nomination hearing as the next SEC Chair. His opinion on crypto-friendly policies could heavily affect SEC regulations. This potentially leads to shaping the future of crypto. Investors are closely monitoring the situation. Any regulatory shift may impact market sentiment. With Bitcoin volatility already heightened, traders are analyzing how his leadership could affect Bitcoin price prediction.

Paul Atkins’ SEC Chair Nomination Sparks Debate on Crypto Regulations

Paul Atkins’ nomination hearing could be a turning point for the SEC’s regulatory approach toward crypto. As a former SEC commissioner he has been vocal about reducing excessive regulations. While advocating for policies that encourage innovation while maintaining investor protection. His potential leadership may bring a shift in how crypto firms operate within U.S. regulations. If confirmed, Atkins could influence key decisions related to SEC regulations possibly affecting ETFs, token classifications, and compliance requirements.

Given the ongoing legal disputes between the SEC and major crypto companies, his stance could determine the future of crypto litigation and the market. However, market uncertainty remains with Bitcoin volatility reacting to potential policy shifts. If Atkins supports a more crypto-friendly stance, it could positively affect Bitcoin price prediction in the long run. Conversely, if the SEC maintains strict oversight, traders might experience continued market instability.

Bitcoin’s Bullish Breakout Attempt at $84K

The trading day of March 20th started with Bitcoin in an overbought condition, facing resistance at $87,453.89 at midnight. A death cross on the MACD at 00:20 UTC triggered a downward trend, with another death cross at 9:20 UTC amplifying selling pressure. Bitcoin found temporary support at $84,760.89 after an oversold signal at 10:15 UTC, but bearish momentum pushed the price lower, breaking support around 15:55 UTC and finding a new floor at $83,655.44.

Chart 1, Analyzed by ShwetaCW, published on TradingView, March 21, 2025

As shown in Chart 1, a golden cross at 17:05 UTC sparked an upward move, continuing into March 21st. The price tested resistance at $84,760.89, but an overbought RSI reading of 70.47 at 1:55 UTC signaled exhaustion, leading to a pullback. A death cross at 5:00 UTC initiated another downward move. However, a golden cross on the MACD at 8:45 UTC suggested a potential recovery. According to the Bitcoin price prediction, If the upward trend is sustained, it will lead to a breakout above $84,760.89. At the same time, continued bearish pressure might push Bitcoin below $83,655.44.

Regulatory Uncertainty Fuels Bitcoin Volatility

Paul Atkins’ nomination could reshape SEC regulations, influencing how cryptocurrencies are governed. His stance may lead to a more balanced approach, reducing uncertainty in the crypto space. However, market reactions remain uncertain. Bitcoin volatility continues as traders react to regulatory changes. Recent price movements show both resistance and support levels being tested. Bitcoin price prediction suggests a breakout could occur if sentiment shifts. If uncertainty persists, downward pressure may continue. Investors are closely watching regulatory signals, as any policy shifts could significantly impact market trends and Bitcoin’s future price direction.