“Despite the previous fall to $ 100,000, the bitcoin rate stabilized at $ 105,000. At the same time, experts warn that the market remains brittle. According to Kronos Research analyst Dominic John, the current structure looks shaky, despite the signals: “According to the index of fear and greed at 55 [нині — 62] The markets are in a standing state. Investors are looking for a macroeconomic trigger or […]”, – WRITE: Businessua.com.ua
Despite the previous fall to $ 100,000, the bitcoin rate stabilized at $ 105,000. At the same time, experts warn that the market remains brittle.
According to the analyst Kronos Research Dominic John, the current structure looks shaky, despite the signals:
“According to the fears and greed at 55 [нині — 62] The markets are in a standing state. Investors are looking for a macroeconomic trigger or confirmation of the trend, ”he explained.
Data: Alternative.me.
CEO HASHKEY ECO Labs Kay Lu noted that BTC is in a “delicate” price corridor near key support levels where the negative news can provoke wave of sale.
In the week, market participants are waiting for consumer price index (June 11) and manufacturers’ price index (June 12) in the United States – potentially important signals for action Fed.
CMEGROUP Fedwatch shows 99.9% of the probability of maintaining the rate at 4.25–4.50%.
“Probably, the market will not show significant movements before the Federation meeting, unless there are shifts in the US trade negotiations,” said BTSE Operation Director Jeff May.
Onchin signals support optimism Technical analyst Cryptoquant Carmelo Aleman said that “despite doubt after Trump’s conflict and mask”, onchin metrics indicate the preservation of bull dynamics.
In particular, in the last week, bitcoin reserves on centralized exchanges have decreased by 2.88% – from 2.43 million BTC to 2.36 million BTC.
Bitcoin reserves on exchanges. Data: Cryptoquant.
“This reduction indicates a decrease in sales pressure and increasing confidence in BTC as a means of maintaining value,” the expert said.
In addition, the realized Bitcoin capitalization reached a historical maximum – $ 934.88 billion.
