#TopCoinsJune2024 Bitcube Barcelona: the paradise of cryptocurrency miners in Spain
At Bitcube Barcelona, customers will be able to explore a wide range of equipment and accessories from MinandoVoy, the leading cryptocurrency mining brand in Spain. From the most advanced ASIC and GPU models to complete mining rigs, the store will offer everything needed for both novice and more experienced miners to optimize their performance and efficiency.
#BinanceTournament" The world of investment is as attractive as it is complex, even more so in recent times with the emergence of digital currencies. In this context, many investors, especially inexperienced ones, wonder about how to make money with cryptocurrencies without risking all their capital in the attempt.
Experts hope that it will not pass the support of US$58,000/US$60,000
Massive liquidations in the cryptocurrency market, especially in Bitcoin, confirm the current selling pressure. In the last 24 hours, $61 million in long Bitcoin positions were liquidated versus $24 million in short positions.
Technical indicators present a mixed outlook, suggesting both buying and selling opportunities, reflecting market uncertainty. Moving averages point towards selling pressure, while long-term indicators suggest possible bounces.
To all this, technical analysis reveals a bearish trend for Bitcoin, with key resistance and support levels at $66,914 and $65,521, respectively. Technical indicators present a mixed outlook, suggesting both buying and selling opportunities, reflecting market uncertainty. Moving averages point towards selling pressure, while long-term indicators suggest possible bounces.
On the other hand, analysts such as Michaël van de Poppe consider that the asset is still stuck in a range between $57,000 and $73,000, and predict that it will range between $63,000 and $64,500 in the future. nearby .
"The cryptocurrency is within an ascending triangle with a long-term price target of $100,000, but I doubt it will be reached in the short term," he says.
#Bitcoin "People are optimists by nature, so you held more waiting for a much more significant rise," adds Carrano. Some experienced cryptocurrency traders, such as Jelle (@CryptoJelleNL), maintain that Bitcoin could fall to $62,000.
digital commodity. "The only thing missing is for the Fed to do the same rate and have the complete combo for a good rally."
"Institutions (ETFs) will surely take profits close to US$69,000 and that is where the rebounds are, unlike previous years, when practically all cryptocurrencies were moved by individuals"
#Bitcoin "Historically, approximately two and a half months after the halving the rally begins and, in principle, it has behaved the same as in the previous ones"
"Another fact to take into account is the European Central Bank's rate cut, which will help Bitcoin rise
#Bitcoin Juan Pablo Carrano, crypto expert and executive at IOL and Ripio, tells iProUP that "Bitcoin should begin its upward path from mid-July." And he points out three keys that anticipate this rise:
#Bitcoin "My projection is that in the first quarter of 2025 Bitcoin will be at least US$100,000, due to the fact that US$15,000 million were purchased in just four months through ETFs and the possible reductions in rates in the US ".
#Bitcoin Another reason is the possible million-dollar sale of Bitcoin by the Terra Foundation to pay million-dollar fines in the United States for the LUNA scandal and scam," he completes. Rey maintains that someone is selling a significant amount of Bitcoin. but his "personal perspective is that it will last a few days, representing a repurchase opportunity."
#It is worth clarifying that the ATH (all time high or historical maximum) occurred in March, when the asset touched US$74,000. "Bitcoin is going down due to negative reaction from ETF investors," notes
#Bitcoin According to Iván Bolé, fintech lawyer and investment specialist, "the most likely scenario is that the correction continues a little longer, possibly hitting bottom and rebounding between the end of June and the beginning of July. In that context, the most pessimistic view is around u$ s57. 800". However, the expert details what would be a more optimistic path and puts an end to the correction around $61,200: "After this correction, the market discounts an impulse that should take us to new highs in the second half of the year." anus ".
What factors influence the current price of the star cryptocurrency and why did the long-awaited rebound not come? Specialists consulted by iProUP addressed these and other explanations.