🚀Bitcoin's month-end sprint: A new high in July is in sight? 📈
Everyone, come and see! An earlier report from foreign media set off the crypto community. The author predicted from several aspects whether Bitcoin will reach a new historical high before the end of this month! 🤑
1️⃣ First of all, the price of Bitcoin has jumped from $53,400 to more than $64,500 like a rocket. This speed is a bit unbelievable! 😲 Analysts said from a technical point of view that if it can break through the threshold of $61,000 to $62,000, a new high at the end of the month is not a dream! $BTC
2️⃣ Then, the RSI index of Bitcoin at $53,400 is the same as that at $25,000 before, so will history repeat itself and Bitcoin will set a new high this time? 📊
3️⃣ Most of the liquidity is concentrated around $63,500. Analysts believe that if Bitcoin can break through this point, it may usher in a big rise by the end of the month!
4️⃣ Fed's Powell announced that the FOMC meeting will be held at the end of the month. Although the interest rate is expected to remain unchanged in July, the market has already anticipated the interest rate cut in September. At the same time, the CME futures market shows that the possibility of a rate cut in September is as high as 94.3%! The market expects 2-3 interest rate cuts before the end of this year, which is also very good news for Bitcoin!
5️⃣ Bitcoin computing power rebounded quickly after touching 53,400, indicating that miners are back. It may also mean that miners may not sell their Bitcoin in the short term.
6️⃣ The fear and greed index soared and doubled, from around 25 to the current 65, and the market sentiment is very good. Regarding the recent price increase of Bitcoin, some people believe that it may be closely related to the attempted assassination of Trump!
👀Think about it, if Trump said at the conference that he wanted to treat Bitcoin as a national reserve asset, would the market explode? 💥
From now until July 27, there are only two weeks, and Bitcoin may be hyped up during this period! But remember, the best time to pull back is when good news comes out. 🕒
What do you think? Do you think Bitcoin can break a new high before the end of the month? See you in the comments! 👇
