According to Analysts, It's Calm Before the Storm in Bitcoin: The Big Move Is Coming Soon!

While Bitcoin (BTC) was stuck in a narrow area, the analyst made a statement of silence before the big move.

Jamie Coutts, Real Vision's chief crypto analyst, spoke about Bitcoin, which has been stuck in a roughly 10% area for months. Stating that we are in a period of silence before a storm, the analyst said that the big explosion may come soon.

Stating that US-based banks are sitting on a loss of $517 billion, the analyst noted that the dollar index (DXY) has also entered a downward trend and traditional finance may have difficult times.

The FDIC reports that 63 U.S. banks are on the verge of bankruptcy; This was because banks' unrealized losses amounted to $517 billion. Meanwhile, my boring Bitcoin Trend pattern is being triggered after the nice spiral price movements since March. DXY fell, yields and Corp Spreads fell. Can you smell it, son? The scent of central bank liquidity is in the air…

US data due on Friday

The USA will announce non-farm employment data on Friday, June 7. If this data comes in line with expectations or better, the view that the inflationary environment has softened may strengthen and then there may be significant increases in the cryptocurrency market, especially Bitcoin.

According to CoinGecko data, Bitcoin, which has increased by 3% in the last 24 hours, is traded at $ 70,800 at the time of writing.

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