Poland’s president has just vetoed a strict crypto bill as a leading chart analyst maps a possible Bitcoin relief rally toward 105,000 to 107,000 dollars. Together, the political pushback and technical setup now shape how far this cycle can stretch before the market faces its next major correction.
Poland’s President Blocks Crypto Bill After Warning of Civil Liberty Risks
Poland’s president Karol Nawrocki rejected the proposed Crypto-Asset Market Act after warning that the bill risked overreaching into people’s property rights. He vetoed the measure on Dec. 1 and said the draft law allowed authorities to block crypto-related websites too easily. His office also highlighted concerns about high supervisory fees that would fall on local companies.
The veto stopped Poland from adopting a strict national version of the EU’s MiCA framework. Lawmakers planned to introduce tighter oversight and new licensing rules, but the president argued that the bill threatened individual freedoms and could undermine trust in the regulatory system. He called for a more balanced approach that protects users without limiting lawful activity.
The decision keeps the existing rules in place while parliament decides whether to amend the bill or attempt an override. The move also signals growing debate inside the EU about how tightly countries should regulate digital assets as adoption continues across the region.
Bitcoin Faces Relief Rally Targets as Analyst Maps Out Next Market Phases
Meanwhile, Bitcoin trades near the 93,000 to 94,000 dollar range while chart signals point toward a possible relief rally toward the 105,000 to 107,000 dollar zone. The view comes from analyst Crypto Caesar, who outlined the levels after Bitcoin rebounded from support between 87,000 and 89,000 dollars. His chart shows repeated reactions at this band, which helped price stabilize after a sharp November decline.
Bitcoin Relief Rally Levels. Source: CryptoCaesarTA
The analysis highlights a wide resistance block just above 100,000 dollars. Bitcoin failed at this area several times earlier in the year, and the chart shows multiple rejections marked across the summer and early autumn. As price now advances toward that region again, traders are watching whether the move extends into the upper boundary of the resistance before momentum fades.
Crypto Caesar frames the potential sequence as a relief rally first, followed by an altcoin rotation and then a broader market downturn. He notes that Bitcoin’s lower highs since the 125,000 dollar peak still shape the larger structure. Because the market remains below major resistance, his chart suggests the next reaction at 105,000 to 107,000 dollars will likely determine whether Bitcoin secures a stronger recovery or slips back into a deeper correction.
Source: https://coinpaper.com/12835/poland-s-crypto-veto-sends-ripples-through-markets-while-bitcoin-aims-for-107-k
