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How the Saint Lucia Citizenship By Investment Program Can Benefit Crypto Investors Seeking a Tax Haven

  Photo by yousef alfuhigi on Unsplash Cryptocurrency investors are always on the lookout for tax-efficient solutions to minimize their tax liabilities. One option that is gaining popularity among investors is the Saint Lucia Citizenship By Investment Program. In this article, we'll explore how this program can benefit cryptocurrency investors looking for a tax haven country. Saint Lucia is a sovereign island country located in the Caribbean Sea. Its Citizenship By Investment Program (CIP) was established in 2015, allowing investors to obtain a second passport by making a qualifying investment in the country. Saint Lucia's CIP has become a popular choice for high-net-worth individuals and entrepreneurs seeking a safe haven to protect their assets and minimize their tax liabilities. Saint Lucia's second passport permits travel to 145+ global countries visa-free, including the United Kingdom, Singapore, Hong Kong, as well as the European Union countries. The Saint Lucia pass

BTC May Still Fall Under $16K

After failing to surpass $18,000, the price of bitcoin declined. BTC is displaying negative indicators and may potentially begin a new slide in the sessions to come. Before the price began a brand-new slide, a peak was created at around $18,387. The levels of $18,200 and $18,000 were clearly broken. The price dropped below the main wave's 50% Fibonacci retracement level from the $16,881 low to the $18,387 high. On the hourly chart of the BTC/USD pair, a significantly bullish trend line with support close to $17,620 was broken. The price of bitcoin is currently less than $17,500 and the 100 hourly simple moving average.

There may be additional drawbacks if bitcoin is unable to overcome the $17,650 resistance. Near $17,240, there is the immediate support on the downside. It is close to the main wave's 76.4% Fibonacci retracement level from the $16,881 low to the $18,387 high. The $17,000 region serves as the next significant support. More losses could result from a fall break below the $17,000 support. In the described scenario, the price may drop in the near term toward the $16,500 support. If there are any additional losses, the next several days could see a deeper slide below the $16,000 mark.