#BITCOIN🟠 #FOMC🟠 #CPI
⚡️ As expected, the Federal Open Market Committee of the U.S. Federal Reserve Wednesday held its benchmark fed funds rate range at 5.25%-5.50%, but its economic outlook now calls for just one 25 basis point rate cut this year.
🔶 When interest rates lower, traditional “lower-risk” assets such as bonds become less attractive, and investors are more likely to turn to perceived riskier assets such as Bitcoin. The opposite occurs when interest rates rise.
❕ “The hawkish tone of the FOMC isn’t positive. Powell’s speech and projections are market-leading for Bitcoin.
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🇺🇸 Spot #BitcoinETFs Positive inflows with +$101M (12-06-2024)
#Grayscale saw Zero Inflow/outflow
#Blackrock +$16M Inflow
Total Value Traded: $2.16 Billion (As of 12th June)
Total Net Assets ~$60 Billion in 🇺🇸 Spot ETFs
Total inflows of +$101M in Spot 🇺🇸Bitcoin ETFs
$IBIT +$16M (+232 BTC)
$ARKB +$9M (+126 BTC)
$BITB +$15M (+215 BTC)
$FBTC +$51M (+752 BTC)
$HODL +$12M (+172 BTC)
US Bitcoin ETFs Bought 1,500 $BTC Yesterday, which is Equal to Approximately 3.30 days supply.
#Grayscale saw Zero Inflow/outflow
#Blackrock +$16M Inflow
Total Value Traded: $2.16 Billion (As of 12th June)
Total Net Assets ~$60 Billion in 🇺🇸 Spot ETFs
Total inflows of +$101M in Spot 🇺🇸Bitcoin ETFs
$IBIT +$16M (+232 BTC)
$ARKB +$9M (+126 BTC)
$BITB +$15M (+215 BTC)
$FBTC +$51M (+752 BTC)
$HODL +$12M (+172 BTC)
US Bitcoin ETFs Bought 1,500 $BTC Yesterday, which is Equal to Approximately 3.30 days supply.
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BTC/USDT
Technical Analysis
Currently, BTC price fluctuates between a narrow range of 65,000 and 72,000; a breakout will indicate future direction.
To reach new highs, the price must surpass resistance at 72,000 - 73,000 and stay secure above it, potentially leading to a new all-time high between 75,000 - 80,000, contingent on positive US inflation data.
If buyers fail to push BTC price up and it drops below dynamic support, a local correction may occur. The 65,000 - 68,000 support block with the point of control (POC) is crucial. If this level does not withstand selling pressure, BTC price could decrease to lower levels to fill buying volumes.
Technical Analysis
Currently, BTC price fluctuates between a narrow range of 65,000 and 72,000; a breakout will indicate future direction.
To reach new highs, the price must surpass resistance at 72,000 - 73,000 and stay secure above it, potentially leading to a new all-time high between 75,000 - 80,000, contingent on positive US inflation data.
If buyers fail to push BTC price up and it drops below dynamic support, a local correction may occur. The 65,000 - 68,000 support block with the point of control (POC) is crucial. If this level does not withstand selling pressure, BTC price could decrease to lower levels to fill buying volumes.
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In our channel you’ll find a wealth of resources to explore the world of crypto with valuable insights, news, expert analysis and signals for traders and investors of all levels.
The Analyst believes in sharing advanced strategies for maximizing returns on crypto trading and investments. Our goal is to create a vibrant community where you can grow alongside crypto enthusiasts, one block at a time!
Thank you for choosing to follow us. Unmute and Pin us so you never miss any notification.
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The Analyst CRYPTO
#AVAX / USDT - 🔴 Short 🔴 Leverage : 5X Entry : 30.125 Stop Loss : 30.690 Target : 29.4 - 28.6 - 27.5
#AVAX /USDT- Short⚡️Target1 ✅ 12.5%
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The Analyst CRYPTO
#AVAX / USDT - 🔴 Short 🔴 Leverage : 5X Entry : 30.125 Stop Loss : 30.690 Target : 29.4 - 28.6 - 27.5
#AVAX /USDT- Short⚡️Target2 ✅ 25%
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The Analyst CRYPTO
#AVAX / USDT - 🔴 Short 🔴 Leverage : 5X Entry : 30.125 Stop Loss : 30.690 Target : 29.4 - 28.6 - 27.5
#AVAX /USDT- Short⚡️Full Targets ✅ 68%
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