Bitcoin must sail in a difficult context with the Fed, who has decided to maintain its rates unchanged and conflict in the Middle East. Nevertheless, the price of bitcoins develops over $ 100,000 and the hope of a new ATH is still intact. As long as the course maintains an area between $ 97,000 and $ 94,000, buyers can increase the increased wave.
Does the ETF uncertainty affect? Does the King King call a break before a new bull dynamics? Here’s the Bulletin of June 21!
Despite the tension in the Middle East, the Bitcoin ETFs are in cash for 8 days in the green
The context is not favorable to risk assetsfrom a period of uncertainty Often lead operators to turn to active shelters like gold. Investors will direct their capital to gold, but cash flow is also sought after. In fact, there was 8 days in a row of incoming flows To the ETF:
So it is no less than $ 2.4 billion that were sent to the ETF in space for just eight days. The Institutional actors So it does not seem to take care of the situation in the Middle East or believe that BTC is a Active refuge Like gold. Eventually ETFs are mainly green Since mid -April. As long as investors direct their capital to the ETF, King Kryptos could continue his ascent.
Towards the new phase of raising the price of bitcoins?
The beginning of the year was complicated for the king of cryptocurrencies who had to face uncertainties associated with carrying out customs tariffs in the USA. The price of BTC and Kryptos also fell after this report. However negotiation Between China and the United States allowed the king of cryptocurrency Cross your January ATH.
PUSH strength Current Bitcoins during a new difficult period (US unchanged, tension in the Middle East) suggests that it might soon be accelerate. And data from previous cycles are in line with this hypothesis:
If the cycle continues to resemble the previous two (2017 and 2021), BTC could enter the course important bull phase. And in this case it may even be The last phase of the cyclewith The current increase in altcoins. In fact, we will notice that and bull tends to arrive more than 400 days after half.
BTC will rebound around $ 104,000
Following Local Bitcoins Top around $ 112,000The course dropped to probably $ 100,000. However, the buyer responded present between Mobiles 9 and 18 bruises. And for now the course is maintained on Support area around $ 104,000 ::
If $ 104,000 And ascending mobile averages still withstand the course, the king of cryptocurrency could experience and New phase of increasing. On the other hand, the situation could deteriorate in the case of Loss of $ 104,000. Because if disadvantage arrive, the course could drop to Further support located on $ 92,000. In parallel is RSI always Under the trend line Downstream. Have MobilityRSI will have to break Last Summit to 72 and Downstream Trend Line.
Conditions are not perfect for bitcoins and yet resistant. Indeed, the ETF records eight consecutive days of incoming flows and the course remains around $ 104,000. If the king of cryptocurrency behaves like during previous cycles, a new phase of increase could soon be launched.
Bitcoin messages that count
- If the price of bitcoins manages to remain above $ 94,000, it could continue to rise. Since 2023 the buyers have their hands on the playground.
- Semler Scientific Plans to massively increase its bitcoin assets, aimed at 105,000 BTC by 2027. The company has accepted an expert to manage this strategy.
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