cryptd.in

암호화폐 친화적인 인재를 위한 대체 링크드인

Bitcoin Bulls Eye $83,000 if This Technical Pattern Pattern Plays Out

-

by

in

“It is only a matter of time until Bitcoin makes a new all-time high,” said 10x Research CEO Markus Thielen in a note on June 7.

The analyst has observed a “head and shoulders” chart pattern, which is nearing completion. This could result in a “rally towards 83,000 soon,” he said, predicting that this may occur within the next week if resistance is broken.

However, bitcoin did hit resistance and retreated to just over $69,000 on June 7. Nevertheless, the analyst remains bullish, and the chart pattern is still in play.

Bitcoin Still Bullish

“We are bullish,” Thielen said, citing the start of the global central bank easing cycle, which has now been confirmed with interest rates being cut in Canada and Europe this week.

“With US growth, employment, and consumer spending weakening, it will only be a matter of time until inflation slows.”

US employment data was mixed, with the unemployment rate climbing to 4.0%, but an upside surprise was the number of jobs added. However, bitcoin prices have only climbed by 3.1% despite $4.8 billion of inflows during the past week, he said before adding that this was below the projected 5.8% rally predicted by regression analysis.

Thielen provided a detailed analysis of bitcoin’s price movements correlated to inflows of money, suggesting around $13 billion in new inflows would be needed to reach $83,000. A breakout above the $71,600 trend line will result in more upside buying, but $13 billion in inflows “requires quite some commitment,” he said before adding:

“Nevertheless, we think this is possible as a weaker US employment market and lower inflation data next week (3.3%) will likely provide the macro backdrop for new all-time highs.”

Capriole Fund founder Charles Edwards said that long-term holder selling was preventing prices from pushing higher.

Why aren’t we at $100,000 yet?

US Bitcoin ETFs have acquired 200% of the Bitcoin mined since launch in mid-January.

At $71K, Bitcoin is up 50% since the ETFs launched, but many are asking why not more? pic.twitter.com/v86Aagvys4

— Charles Edwards (@caprioleio) June 7, 2024

BTC was trading at $69,420, and it found support during the Sunday morning Asian session, following a 2.5% decline in the past few days. A further breakdown could see it fall to support levels at $67,500. However, BTC needs to break $71,500 to see any further upward momentum.

Where Next for Ethereum?

Thielen was not so bullish about Ethereum. “Fundamentally, we are less bullish on Ethereum and expect ETF demand for Ether to disappoint,” he said.

Ethereum broke key support at $3,725 in the end-of-week dip in a fall to $3,640, but it managed to reclaim the $3,700 level during early weekend trading.

1TP5테더리움 Breaks Key $3,725 Support: Imminent Liquidations Expected? https://t.co/qgpGq32gSK pic.twitter.com/vo2J5zmPFD

— 10x Research (@10x_Research) June 8, 2024

Zooming out, crypto markets remain within their range-bound channel and in the accumulation zone that typically follows a BTC halving event.

게시물 Bitcoin Bulls Eye $83,000 if This Technical Pattern Pattern Plays Out 에 처음 등장 크립토포테이토.

댓글

답글 남기기

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

최신 피드

인기 카테고리

ko_KR 한국어
ko_KR 한국어 en_US English ro_RO Română et Eesti ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

웹사이트 검색

인기 스토리

태그

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #B비트코인 (448) #BitcoinETF (3) #B비트코인기초 (1) #B비트코인 취급 (1) #B비트코인가격 (5) #B비트코인가격수준 (1) #B비트코인펌프 (1) #B비트코인예치 (1) #B비트코인서지 (1) #BitcoinTop (1) #Bitfinex (1) #B비트 단위 (1) #브레이스브리지캐피털 (1) #BRC20토큰 (1) #BTC취득 (1) #B울리스틱 예측 (1) #BullishSentiment (1) #C중국광업 (1) #CPIP리뷰 (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (74) #DogecoinGains (1) #DogecoinVolume (1) #DutchCourt (2) #ECommerce (1) 1TP5테엘살바도르비트코인 (1) 1TP5테더리움 (73) 1TP5테더리움통증 (1) 1TP5테더리움가격 (1) 1TP5전문가 의견 (1) #FedRateCut (1) #FiatCurrency (1) #FinancialImpact (1) #FinancialPrivacy (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #인플레이션데이터 (1) #투자 (1) #투자손실 (1) #일본기업 (1) #LegalAction (1) #LegalImpact (1) #법률 (1) #라이트닝 네트워크 (1) 1TP5시장분석 (3) 1TP5시장 모니터링 (1) 1TP5시장 예측 (1) 1TP5시장 예측 (1) #MarketProjection (1) 1TP5마켓지원 (1) 1TP5시장변동성 (1) #M결혼 (1) #MemeCoin (5) #MemeCoins (2) #M광부수익성 (1) #MoneyLaundering (2) #MtGox (4) 1TP5북한암호화 (1) 1TP5노보그라츠예측 (1) #P가격 마일스톤 (1) #P가격 예측 (2) #P가격 질문 (1) #PriceSurge (1) #P형량 (1) #QuantAnalysis (1) 1TP5규제압력 (1) #SEC안티크립토 (1) #ShibaInu (6) #SocialBuzz (1) 1TP5기술분석 (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) 1TP5토네이도캐시개발자 (1) #UKCrypto (1) #업사이드 잠재력 (1) #USCongress (1) #와이오밍랜드 (1) #XRP가격 (1) #XRP업스윙 (1)

유용한 링크

유용하다고 생각되어 공유하고 싶은 링크.