Bitcoin (BTC) Analysis - June 13, 2024

Current price: 67,341 USD (up 0.53% in 24 hours)

Market capitalization: 1.33 trillion US dollars

summary:

* Bitcoin price rose slightly today, with some buyers returning to the market.

* Technical indicators remain mixed, with a neutral trend in the short term and a strong selling trend in the long term.

* Bitcoin ETF flows are positive, indicating continued institutional investor interest.

* The US Securities and Exchange Commission (SEC) has set a deadline of July 26 to make a decision on the Bitcoin spot application.

Expectations:

* In the short term: Bitcoin price will likely continue to fluctuate in a narrow range between $65,000 and $75,000.

* Long-term: Bitcoin's price trend remains bullish, with the possibility of testing new highs later this year. $BTC #Binance #BTC