🟠 BTC ANALYSE
⚙️ Technical Analysis:
• 📉 Price has been in a downtrend since mid-April to July.
• 🔍 Key support zones at $50,737.3 and resistance at $71,162.7.
• 🚀 Important resistance around $60,455.1.
• 📊 Potential intersection between the 200-day SMA and Moving Regression Prediction Bands; confirmation is bullish, rejection is bearish.
🌐 Economic Analysis:
• 📉 Decreasing unemployment rates and lower-than-expected inflation bolster the US dollar.
• 📈 Possibility of interest rate cuts is positive for Bitcoin.
• 📉 Continued Bitcoin sales by the German government are short-term negative factors.
▫️ Forecasts:
Possible Scenarios:
1. If Bitcoin trades above $60,000:
• 📈 It could reach $65,000 and $71,000.
2. If it fails to break above $60,000:
• 📉 It may decline towards $53,000 and $50,000.
#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #SOFR_Spike #US_Job_Market_Slowdown
