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#BTC/USDT UPDATE:
#Bitcoin is now trading around 66.9k. Bitcoin is currently testing the support of the rectangular zone after getting dumped. So the Possible scenarios are If the price pumps from the support zone after takes support, the price can move towards the upper resistance zone of the rectangular zone. Otherwise If Bitcoin dumps and breaks down the rectangular zone, we may see a bearish move. Stay tuned with us for further updates✔️
#Bitcoin is now trading around 66.9k. Bitcoin is currently testing the support of the rectangular zone after getting dumped. So the Possible scenarios are If the price pumps from the support zone after takes support, the price can move towards the upper resistance zone of the rectangular zone. Otherwise If Bitcoin dumps and breaks down the rectangular zone, we may see a bearish move. Stay tuned with us for further updates✔️
BERNSTEIN EXPECTS #BITCOIN TO HIT $200K BY 2025, $1M BY 2033
While bears argue the ETF Bitcoin trade is done and most of the early Bitcoin ETF allocations were driven by retail investors, and the analyst admits "this is true," bears are missing that Bitcoin ETFs are on the cusp of approvals at major wirehouses and large private bank platforms in Q3 or Q4 and that the institutional basis trade looks "like the 'trojan horse' for adoption, and these investors are in the process of evaluating 'net long' positions," the analyst contends. The firm is expecting Bitcoin to rise to a cycle high of about $200,000 by 2025, $500,000 by 2029 and $1M by 2033, Bernstein tells investors.
While bears argue the ETF Bitcoin trade is done and most of the early Bitcoin ETF allocations were driven by retail investors, and the analyst admits "this is true," bears are missing that Bitcoin ETFs are on the cusp of approvals at major wirehouses and large private bank platforms in Q3 or Q4 and that the institutional basis trade looks "like the 'trojan horse' for adoption, and these investors are in the process of evaluating 'net long' positions," the analyst contends. The firm is expecting Bitcoin to rise to a cycle high of about $200,000 by 2025, $500,000 by 2029 and $1M by 2033, Bernstein tells investors.
Forwarded from VIP PREMIUM MEMBERSHIP
#Bitcoin - What's Next?
The big Sunday report, all you need to know:
🚩 TA/LCA/Psychological Analysis:
A New Bottom Formation: The Bitcoin Fear and Greed Index has recently hit its lowest level in 18 months, showing a huge shift in market sentiment. Meanwhile, the RSI has reacheded the lowest level in a year, In my opinion Bitcoin is establishing a local bottom. It is important to repeat that the $57,000 - $60,000 range is the range area for bottom formation. While wicks below this range to hunt for liquidity cannot be ruled out, any dips are VERY LIKELY to be bought up VERY FAST! For this, we continue to watch the box and local bottom area is forming between $57,000 and $60,000.
Quick update on my Altcoin report from 18th of June: The ETH ETF launch wont be at 2nd of July as market expected at the beginning. Now the market expects mid July - End of July. Some other claim it can take till August! What does it change in terms of our altcoin prediction? While timing may change now, the chart and the possible next scenario remains same! Indeed, delaying the launch wont change much in my prediction. The start of altcoin bull can lag between mid July till mid August, it depends on the ETF launch date. The closer we get, the harder we pump!
In terms of calendar nothing important is going to happen this week. On 2nd of July Jerome Powell is holding a speech which will end up with informations we already know, so nothing special.
The big Sunday report, all you need to know:
🚩 TA/LCA/Psychological Analysis:
A New Bottom Formation: The Bitcoin Fear and Greed Index has recently hit its lowest level in 18 months, showing a huge shift in market sentiment. Meanwhile, the RSI has reacheded the lowest level in a year, In my opinion Bitcoin is establishing a local bottom. It is important to repeat that the $57,000 - $60,000 range is the range area for bottom formation. While wicks below this range to hunt for liquidity cannot be ruled out, any dips are VERY LIKELY to be bought up VERY FAST! For this, we continue to watch the box and local bottom area is forming between $57,000 and $60,000.
Quick update on my Altcoin report from 18th of June: The ETH ETF launch wont be at 2nd of July as market expected at the beginning. Now the market expects mid July - End of July. Some other claim it can take till August! What does it change in terms of our altcoin prediction? While timing may change now, the chart and the possible next scenario remains same! Indeed, delaying the launch wont change much in my prediction. The start of altcoin bull can lag between mid July till mid August, it depends on the ETF launch date. The closer we get, the harder we pump!
In terms of calendar nothing important is going to happen this week. On 2nd of July Jerome Powell is holding a speech which will end up with informations we already know, so nothing special.
Distribution of 21 Million #Bitcoin💸
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💰 Andreas Antonopoulous gives the best explanation on how to measure the success of #Bitcoin 🎙
JUST IN: 🇯🇵 Japanese public company Metaplanet buys another ¥400 million worth of #Bitcoin
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