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Bullish
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NEW: ๐ŸŸ  Bitcoin open interest hits new high at 520K $BTC, exceeding March's all-time high ๐Ÿ‘€ h/t Bitcoin News$BTC $SOL $BNB

NEW: ๐ŸŸ  Bitcoin open interest hits new high at 520K $BTC, exceeding March's all-time high ๐Ÿ‘€

h/t Bitcoin News$BTC $SOL $BNB

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๐Ÿ”ฎ some predictions from industry experts โ–ช๏ธRobert Kiyosaki: $350,000 by August 2024. โ–ช๏ธMike Novogratz: $100,000 by the end of 2024. โ–ช๏ธPlanB predicts a top at $500,000 for our bull cycle. โ–ช๏ธWilly Woo and the Stock-to-Flow (S2F) model suggest $350,000 is more likely by March 2025. ๐Ÿ‘‰ The S2F model predicts BTC will reach between $80,000 and $85,000 by August 2024, with short-term price movement between $70,000 and $72,300 (range supported by Coinglass liquidity data). $BTC $ETH $BNB
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"Politicians have the incentive of just giving away the Treasury and entering huge amounts of debt, and that doesn't just destroy the structure of the government it destroys society." - Nayib Bukele, President of El Salvador$BTC
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Report on the ECB press conference ๐Ÿ“ข The European Central Bank ๐Ÿ‡ช๐Ÿ‡บ has decided to cut interest rates by 0.25 points. This measure could potentially weaken the euro and strengthen the dollar. Next week, it will be the turn of the US Federal Reserve (FED) ๐Ÿ‡บ๐Ÿ‡ธ to announce its interest rates. The Fed's decision is eagerly awaited and could have a major impact on the financial markets, depending on the extent of the rate cut. Two scenarios are possible: 1. If the Fed cuts rates in a similar way to the ECB, this could limit the impact on the euro and contain the rise in the dollar. Stock markets could benefit, which could be good for bitcoin. 2. If the Fed cuts rates more aggressively than the ECB, the euro could depreciate further and the dollar could strengthen. This could put pressure on stock markets and have a negative impact on bitcoin. The Fed's press conference will take place on Wednesday 12 June 2024 at 8pm โ›”๏ธ.
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#BTC DOMINANCE ANALYSIS BTC.D has broken down from the rising wedge on the weekly timeframe. Currently, it is retesting the wedge. A successful retest would serve as a sharp downward movement. A downward trend in BTC.D, A bull run in altcoins would occur if BTC moved sideways or in a bullish manner.$BTC $ETH $BNB
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$BTC $BTC #BTC/USDT ANALYSIS Bitcoin has broken out of its symmetrical triangle pattern with significant volume and has successfully retested the breakout level. This setup indicates a potential bullish ride ahead. The Ichimoku cloud also suggests strong bullish momentum, pointing towards a new peak for Bitcoin soon. However, if the price falls back inside the symmetrical triangle, it could signal a little correction.
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