🟠 BTC ANALYSE

⚙️ Technical Analysis:

• 📉 Price has been in a downtrend since mid-April to July.

• 🔍 Key support zones at $50,737.3 and resistance at $71,162.7.

• 🚀 Important resistance around $60,455.1.

• 📊 Potential intersection between the 200-day SMA and Moving Regression Prediction Bands; confirmation is bullish, rejection is bearish.

🌐 Economic Analysis:

• 📉 Decreasing unemployment rates and lower-than-expected inflation bolster the US dollar.

• 📈 Possibility of interest rate cuts is positive for Bitcoin.

• 📉 Continued Bitcoin sales by the German government are short-term negative factors.

▫️ Forecasts:

Possible Scenarios:

1. If Bitcoin trades above $60,000:

• 📈 It could reach $65,000 and $71,000.

2. If it fails to break above $60,000:

• 📉 It may decline towards $53,000 and $50,000.

$BTC

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