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Leading Crypto News and Blockchain Technology Trends - 0xzx
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Cryptocurrency analyst Credible Crypto believes Bitcoin has bottomed out after forming a failed swing pattern (SPF) below $64,000. He suggests Bitcoin may further dip into a "dream zone," but remains optimistic about its stability above $60,000. Credible Crypto calls for patience, noting positive market data and a return of spot premium. If support holds, Bitcoin could target $65,000. Source: https://0xzx.com/zh-tw/2024061918574549760.html

Cryptocurrency analyst Credible Crypto believes Bitcoin has bottomed out after forming a failed swing pattern (SPF) below $64,000. He suggests Bitcoin may further dip into a "dream zone," but remains optimistic about its stability above $60,000. Credible Crypto calls for patience, noting positive market data and a return of spot premium. If support holds, Bitcoin could target $65,000.

Source: https://0xzx.com/zh-tw/2024061918574549760.html

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According to ETC Group, cryptocurrency hedge funds have reduced their Bitcoin market exposure to its lowest level since October 2020. Over the past 20 trading days, these funds have decreased their net long exposure to 0.37 relative to the Bitcoin benchmark. This significant drop suggests a cautious stance towards Bitcoin among hedge funds, though the specific reasons behind this reduction remain unclear. Source: https://0xzx.com/zh-tw/2024061919304549833.html
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According to Bernstein analysts, institutional demand for Bitcoin is expected to rise in the third and fourth quarters of this year. They note that the current market turbulence offers a good entry point for investors. Despite the recent net outflow of $714 million from U.S. spot Bitcoin ETFs, the anticipated approval of these ETFs later in the year could lead to renewed institutional inflows and market growth. Source: https://0xzx.com/zh-tw/2024061919504549861.html
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