“ETF bitcoin and etereum are of great interest to investment consultants. According to Bloomberg, these operators are the largest ETF owners of bitcoin and eThereum. Despite its significant institutional implementation, the price of bitcoin was dominated mainly at the expense of sellers for about two weeks. BTC is traded above $ 110,000, but its figures this year are disappointed. Here is today’s report […]”, – WRITE: Businessua.com.ua
ETF bitcoin and etereum are of great interest to investment consultants. According to Bloomberg, these operators are the largest ETF owners of bitcoin and eThereum. Despite its significant institutional implementation, the price of bitcoin was dominated mainly at the expense of sellers for about two weeks. BTC is traded above $ 110,000, but its figures this year are disappointed. Here is today’s Bitcoin Report!
Bitcoin price fell 1.4% in 24 hours Is it over restoration BTC? The price is bitcoin fell by 1.4% in the last 24 hours , 1.7% per week and 6% per month . We need to go back three months ago to see a positive trend against the dollar (+7%):
Couple 1 hour 24 hours 7J 1 million. 3m 6 million. 
BTC/ETH
-0.24% 0.67% -5.70% -19.63% -39.71% -35.52% 
BTC/USDT
-0.25% -1.43% -1.70% -5.77% 7.18% 29.61% Bitcoin performance against different pairs. Source: Coincheckup
Bitcoin has been showing lower rates for several months than Ethereum . Indeed, the BTC/ETH pair fell by 5.7% a week , 20% per month and 40% in three months . ETH strong but remains below the psychological round mark in $ 5,000 .
Bitcoin will reach ATH in 2025 but the results are disappointed During bull growth BTC prices tend to show Impressive annual figures . For example, in 2023 and 2024 the king of cryptocurrencies increased by more than 100% :
Bitcoin’s annual dynamics since 2011. Source: Cryptoquant
In spite of Large -scale investments of such companies as Strategy and Metaplanet, as well as High demand for a spot etf the price of bitcoin has increased by only 20% since January . There is still time to improve these figures but now they are significantly lower than typical standards of bovine market .
In addition, if the cycles continue to look similar, bitcoin can survive their The last year of bovine growth . In fact, Cryptoquant data indicates that the market alternates between Three years of bull growth and one year of bear market . And bitcoin has already recorded two positive years in 2023 and 2024 .
BTC price found support for 4 hours at $ 111,000 The king of cryptocurrencies draws Bear structure from the top above $ 124,000. But the price has the ability to respond to 4H support levels at $ 111,000 :
Bitcoin’s price against dollar (4h) – register with Trading View using our affiliate link.
In case of The rebound BTC can rise to the next resistance level for 4 hours, which is located close $ 117,000. However, Loss of $ 111,000 can lead to further decrease to level $ 106,000 support. At the same time, RSI will have to develop above the mark 64 to continue to have Solid impulse within 4 hours.
The BTC price has only increased by 20% since the beginning of the year. Improving these indicators will require a return to positive dynamics in the short term. Buyers will need to protect $ 111,000 to avoid further fall. Returning to about $ 110,000, the king of cryptocurrencies found a key double level of support that can allow him to recover.
Important Bitcoin News
- Bitcoin activity on the network has grown over the last year, and the price can recover up to $ 117,000.
- American Bitcoin, a mining company, supported by the sons of Donald Trump, debut on NASDAQ in early September under ABTC.
- The Japanese company Metaplanet wants to raise $ 880 million to buy bitcoins, aiming to hold more than 210 000 BTC by 2027.
- Since bitcoin stopped after his last ath, whales redirect their capital on Ethereu m and altcoins.
Source: Journalducoin.com
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