All relatively quiet for Bitcoin these past few days as we await the next move either above the $12209 resistance level or below the $10667 support level. We would have expected Bitcoin to rise on the back of further drop in equity markets and a rise of the price of gold as we see as a form safe haven. However, the SEC delaying a decision on two Bitcoin ETFs could have impacted investor sentiment with concerns that Bitcoin could potentially face significant regulatory pressure in future.