#btc/usdt Bitcoin found a temporary bottom in July after Ju | YohannaOlva on Binance Square

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#btc/usdt
Bitcoin found a temporary bottom in July after June's losses🧐
Bear flag pattern could play out in coming weeks🐻
#Write2Earn! #Write2Earn #write2earn 

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Analysts eye 'Uptober' rally if bitcoin stays above $60,000 amid stock market gains QCP Capital analysts remain hopeful for a bullish "Uptober" rally, contingent on bitcoin holding above the $60,000 support level. "U.S. equities indices have rallied, with the S&P 500 notching a new high, although the same level of optimism has yet to be seen in crypto, but we remain hopeful of an 'Uptober' rally as long as the $60,000 key support level remains intact," QCP Capital analysts said. #Write2Earn! #Write2Earn #write2earn

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💰 IMF urges El Salvador to narrow Bitcoin laws amid loan negotiations The International Monetary Fund (IMF) has recommended that El Salvador narrow the scope of its Bitcoin (BTC) law and strengthen regulatory oversight during ongoing talks regarding a potential lending program, Bloomberg News reported, citing IMF Director of Communications Julie Kozack. The discussions, held in Washington, focused on measures to enhance economic governance and bolster public finances. #Write2Earn! #Write2Earn #write2earn

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#DXY had a sharp jump due to conflict and signs of war and had a Bullish Engulfing candlestick pattern in the Weekly TF. Price on Daily TF, tapped into a resistance now and index might hodl for a while next week, before going any more up. Overall, market will me impacted towards down in this case. #Write2Earn! #Write2Earn #write2earn

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⚡️ The West and Ukraine have decided that the basis for negotiations could be security guarantees in exchange for Russia's control over the territories it has occupied — Financial Times According to the newspaper, this would be a tacit agreement that these lands should be returned diplomatically in the future. #Write2Earn! #Write2Earn #write2earn

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💰 Bitcoin spot ETF options could potentially impact demand for the underlying asset, analysts say The recent approval by the U.S. Securities and Exchange Commission (SEC) for BlackRock to list and trade options for its spot Bitcoin exchange-traded fund, the iShares Bitcoin Trust ETF (ticker: IBIT), has added a new layer of complexity to the cryptocurrency landscape, analysts say. CryptoQuant analysts have raised a crucial question: Could this shift lead to decreased demand for physical Bitcoin as more institutional traders turn to "paper" derivatives instead of directly investing in spot bitcoin ETFs? #Write2Earn! #Write2Earn #write2earn

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