Will Bitcoin fall below $60,000 in July? Or break through $80,000?

This week, the Swiss National Bank started its second rate cut, the Bank of England signaled that a rate cut was imminent, and many Fed officials believed that there might only be one rate cut this year!

Next week is special because there will be no important economic data released next week, but more than 5 Fed officials will speak!

The current Bitcoin is still around $63,000, which is the middle price of the past three months of consolidation. At present, it is stable near this price range, but there are also two negative factors.

First, the ETF had a net outflow of $545 million this week, and it has been outflowing for 8 consecutive trading days, showing that investors are risk-averse.

Second, the Mentougou incident, the 10-year Mt.Gox "plot" is coming to an end. The current payment deadline is set at October 31, 2024, and there may be billions of dollars worth of Bitcoin selling pressure.

Will Bitcoin fall below $60,000 in July, pull back to $50,000, or usher in a reversal breakthrough and rush to $80,000?

I personally think that there is a high probability that there will be signs of bottoming out and the current pullback is also in preparation for the next breakthrough. Wall Street analysts also said that although Bitcoin bulls are exhausted, they have done a good job in defending key support. The market is waiting to break through the $66,000 level. Once it stands firm, the upward momentum is in sight and the reversal will come. #币安合约锦标赛 #美联储何时降息？ #meme板块关注热点