#TopCoinsJune2024
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#BinanceTournament"

#Bitcoin Despite the drop, some analysts maintain an optimistic outlook on Bitcoin's recovery in the coming weeks.

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.

#Bitcoin Bitcoin: short-term technical analysis

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.

#Bitcoin Bitcoin's arrival on Wall Street through ETFs may increase institutional demand and prices

"People are optimists by nature, so you held longer waiting for a much more significant rise," adds Carrano.

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 Otra razón es la posible venta millonaria de Bitcoin de la Fundación Terra para pagar multas millonarias en Estados Unidos por el escándalo y la estafa de LUNA", completa.
Rey sostiene que alguien está vendiendo una cantidad importante de Bitcoin. pero su "perspectiva personal es que durará pocos días, representando una oportunidad de recompra ".

#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 ".

#Bitcoin Bitcoin: what's wrong with the price

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.