BTCUSD technical and fundamental analysis.
Updated
BTCUSD technical and fundamental analysis.
The price of the BTC is running between the traps but in this summer the price of the BTC may fly and reach to 100k. This analysis proves a little bit target of the BTC that it will reach to 75k in these coming days. If the price break the Stop loss and keep falling then we will be active again from 60k, 61k in the uptrend direction.
BTCUSD
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The price of the BTC is running between the traps but in this summer the price of the BTC may fly and reach to 100k. This analysis proves a little bit target of the BTC that it will reach to 75k in these coming days. If the price break the Stop loss and keep falling then we will be active again from 60k, 61k in the uptrend direction.
BTCUSD LIKE👍, COMMENT 💬 & FOLLOW ➕, these figures can encourage me to analyze more efficiently for you. My all followers are requested to support me, comment my ideas and share your thoughts in comment box and new comers are invited to follow and support me.
Note
The Bitcoin (BTC) price is $70,836.08, with a change of -0.22% over the past 24 hours. The market capitalization of Bitcoin stands at $1.40 trillion. So far this year, BTC has seen a 67.46% change. Bitcoin, the world’s first decentralized cryptocurrency, uses public-key cryptography for transactions on its blockchain without central authority oversight. It has been highly volatile but remains a top-performing asset over the past decade, with a staggering 9,000,000% increase from 2010 to 2020Note
It's fascinating to witness the impact of the new U.S.-based spot bitcoin ETFs on the cryptocurrency market, particularly as Bitcoin reaches record highs above $69,000. The influx of buying spurred by these ETFs seems to have ignited a historic rally, with Bitcoin's price more than doubling since the ETFs opened for business in January. This surge reflects a significant shift in accessibility for U.S. investors, potentially driving further adoption and price discovery for Bitcoin.Mike Novogratz's observation about Bitcoin being in a "price discovery phase" resonates, especially given the increased accessibility to the asset. With a larger portion of U.S. wealth now able to easily access Bitcoin through these ETFs, the market dynamics are evolving rapidly.
Hunter Horsley's bullish outlook, suggesting that $250,000 Bitcoin might be on the horizon, underscores the optimism surrounding the cryptocurrency's future trajectory. Such projections reflect not only the confidence of industry insiders but also the growing mainstream acceptance and adoption of Bitcoin as a legitimate asset class.
However, as with any investment, it's essential to approach these developments with caution and consider the inherent risks associated with cryptocurrency investing, including volatility and regulatory uncertainties.
Trade closed: stop reached
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