Bitcoin, as part of the morning forecast, approached the upper limit of the range (68K), from which a rebound followed to 67K.
Everything about the fund is quite positive. Inflation data came out quite well, the S&P 500 is growing. The fact that 5-year consumer inflation expectations for July is higher than expected is being ignored by the markets. If there are no large profit-takings by the time the markets close, there is every chance of closing today’s session with growth.
Crypto market participants suddenly found out that the Mt.Gox balance had already decreased by 66%. Almost 100K BTC distributed, leaving 47.2K BTC left
And the price of Bitcoin not only did not fall, but also increased from 55K to 67K.
How unexpected)).
Read the post written a month ago, when this whole saga with payments began.
And posts written at the time of drain below 60K😉
Now the next topic is the conference. In general, it has already been going on since the 25th, but the main events will be tomorrow.
Moreover, they will unfold on the thin weekend market.
In favor of growth are the personalities of the main characters. Both Trump and Elon Musk (if he exists) are large-scale people. Information feeds and influence on the market must be appropriate.
In favor of the fall are high expectations from the conference. They are waiting for Bitcoin to be included in reserves. This will definitely happen, of course, the Central Bank has been talking about Bitcoin in its reserves for a long time.
But it’s not a fact that right now.
But with such expectations from the conference, anything less can be perceived as disappointed expectations.
In any case, there will be movement over the weekend. As a result, we may end up at 70K and above, or at 64000-63500.
It will not be boring.
Until the morning, attempts are likely to work out an alternative option (fixation above 68500). We'll see how successful they will be.
