后市趋势
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The reason why Bitcoin has not firmly risen above $70,000 has been found...
<t-10/>#后市趋势 US President Biden is reported to accept cryptocurrency donations, Republican presidential candidate Trump promises to support crypto miners, and the cooling of the US Consumer Price Index (CPI) in May boosted dovish sentiment, but Bitcoin has been unable to firmly rise above $70,000. Analysts believe that the main reason is the capitulation of miners, and the market will usher in a quiet summer. After Bitcoin and Ethereum briefly surged to $70,000 and $3,657 on June 12, they were unable to break through key resistance levels and have now fallen back to $66,000 and $3,500. Just as the market is pointing the finger at the Fed's hawkish dot plot and lowering the forecast for interest rate cuts this year to only one time. Wuwan believes that this is because Bitcoin miners are experiencing capitulation after the halving, which directly limits price increases.
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Federal Reserve Prepares for Bitcoin, Cryptocurrency Surge
After the Federal Reserve prepared for the skyrocketing prices of cryptocurrencies like Bitcoin, Ethereum and Ripple, and quietly admitted that gold was replacing the dollar, The International Monetary Fund (ING) warned of a severe dollar crash, citing a "substantial" decline in the dollar's share of foreign reserves allocated by central banks and governments.
After the Federal Reserve prepared for a surge in the prices of cryptocurrencies such as Bitcoin, Ethereum and Ripple and quietly admitted that gold is replacing the dollar, the International Monetary Fund (ING) warned of a serious collapse of the US dollar, mentioning that the US dollar's share of foreign exchange reserves allocated by central banks and governments will fall "substantially".
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#后市趋势
It has been almost 48 hours since the violent spike on June 7. Let's calm down and review the logic behind this violent spike and the future trend.
The maximum plunge from April 12 to April 14 was $10,000, and the maximum spike from June 7 to now was $4,000. The former is a profit-taking after a surge, while the latter is more like a wash and accumulation after a long period of consolidation. The purpose is to accumulate energy for the rise, and the surge only waits for the US interest rate cut.
In a word, the premise for the start of the bull market must be that the United States starts to cut interest rates. No one else.
Europe has already started to cut interest rates, and the United States is imminent.
There are two premises for interest rate cuts: one is a soft landing, and interest rate cuts begin when CPI declines. The other is a hard landing, the US stock market crashes, and the Federal Reserve cuts interest rates urgently to save the market.
There is no other way, history is always surprisingly similar, let's wait and see!
#BTC#ETH#
It has been almost 48 hours since the violent spike on June 7. Let's calm down and review the logic behind this violent spike and the future trend.
The maximum plunge from April 12 to April 14 was $10,000, and the maximum spike from June 7 to now was $4,000. The former is a profit-taking after a surge, while the latter is more like a wash and accumulation after a long period of consolidation. The purpose is to accumulate energy for the rise, and the surge only waits for the US interest rate cut.
In a word, the premise for the start of the bull market must be that the United States starts to cut interest rates. No one else.
Europe has already started to cut interest rates, and the United States is imminent.
There are two premises for interest rate cuts: one is a soft landing, and interest rate cuts begin when CPI declines. The other is a hard landing, the US stock market crashes, and the Federal Reserve cuts interest rates urgently to save the market.
There is no other way, history is always surprisingly similar, let's wait and see!
#BTC#ETH#
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Bitcoin price needs to hit 'all-time high' to end sell-off cycle
#后市趋势 Bitcoin bears have been selling on every rally over the past few months, and Fifty Thousand believes that the increased liquidity driven by Bitcoin’s “all-time highs” will help break that cycle.
"The market needs a big boost in liquidity," an anonymous cryptocurrency trader at Daan Crypto Trades wrote in a post on the X social media network on Thursday (June 13), who holds the same view. Sentiment in the market seems to have been affected recently, with Bitcoin prices consolidating in a wide range of $66,500 to $72,000, showing a "sawtooth" price trend. The trader explained that a broad decline and "selling on rallies" have been the theme of the past few months, adding that one of the best ways to end this cycle "has been for Bitcoin to hit a new all-time high." Data from Cointelegraph Markets Pro and Binance show that BTC is trading at $67,474, 10% lower than its all-time high of $73,808 set on March 11.
"The market needs a big boost in liquidity," an anonymous cryptocurrency trader at Daan Crypto Trades wrote in a post on the X social media network on Thursday (June 13), who holds the same view. Sentiment in the market seems to have been affected recently, with Bitcoin prices consolidating in a wide range of $66,500 to $72,000, showing a "sawtooth" price trend. The trader explained that a broad decline and "selling on rallies" have been the theme of the past few months, adding that one of the best ways to end this cycle "has been for Bitcoin to hit a new all-time high." Data from Cointelegraph Markets Pro and Binance show that BTC is trading at $67,474, 10% lower than its all-time high of $73,808 set on March 11.
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Biden to attend Bitcoin roundtable in July
#后市趋势 According to private emails seen by Bitcoin Magazine, U.S. Congressman Ro Khanna, who represents California's 17th Congressional District, will host a Bitcoin and Blockchain roundtable in early July. The meeting will invite U.S. President Biden, U.S. Congressional officials, and Wall Street leaders to discuss how to limit blockchain innovation within the United States. Khanna's office described the upcoming Bitcoin roundtable as "the most important meeting between policymakers and innovation leaders in the blockchain space to date."
The roundtable is expected to feature officials from the Biden administration, the House of Representatives and the Senate, as well as American businessman Mark Cuban, with the main goal of the meeting being to strategize on how to "keep Bitcoin and blockchain innovation in the United States," according to the email.
The roundtable is expected to feature officials from the Biden administration, the House of Representatives and the Senate, as well as American businessman Mark Cuban, with the main goal of the meeting being to strategize on how to "keep Bitcoin and blockchain innovation in the United States," according to the email.