Bitcoin’s “vertical accumulation” direction is cooling: analysts star-news.press/wp

The encryption analysts say that the bitcoin march is nearly three months, may lose the steam with weakening the purchase pressure and more traders begin to achieve profits.

“For the first time in this upward trend, the momentum began to fade” He said In the market report on Monday.

Since Bitcoin (BTC) fell to its lowest level a year to $ 73,273 on April 9, it rose by 41 % to $ 107,380 at the time of publication, According to To CoinmarketCap data.

The “vertical acceleration” has now been marginalized

However, analysts have warned that demand flow data and Onchain standards indicate that Bitcoin may enter a period of unification or access to a local summit “instead of continuous vertical acceleration.”

They added: “The local size has been cooled, the purchasing pressure put the profit, especially the short-term holders who installed the transition from a level to 80,000 dollars.”

Analysts say the circulating investment funds should continue in a strong flow chain

Analysts say that the next step for Bitcoin depends on total factors and continuous institutional demand, especially from ETF flows.

The US -based investment funds in Bitcoin have recorded 14 consecutive consecutive flows since June 9, which amounted to 5.63 billion dollars a net flow from June 27, According to To Farside data.

Economist Timothy Peterson described last week’s flows at a value of $ 2.2 billion as “huge” and is expected to continue this week. “70 % opportunity next week will also be positive, which is generally linked to upward price pressure,” Peterson, Peterson He said.

Meanwhile, Bitcoin traders will closely see the interest rate decision in the Federal Reserve on July 30, as low rates of encryption rates are usually. The market is currently estimated at a 19 % opportunity for the Federal Reserve to reduce prices at this meeting, According to To the CME Fedwatch tool.

Although the short -term uncertainty, analysts say the wider market structure is still strong, with the levels of support for the higher timeline continues. “The current data indicates a transition,” they said.

Bitcoin will continue when their holders stop in the long run by selling

Some analysts remain up. Economist Donald Din He said“Bitcoin prepares to move up with a tight standardization of the size shelf.”

Related to: Bitcoin price will make date at 109 thousand dollars a week and monthly

The founder of Capriole Investments Charles Edwards recently argued that long -term sale has stopped the bitcoin price growth despite the recent moves of institutions and companies to buy the original.

“People wonder about the reason for the bitcoin currency stuck at $ 100,000, despite the institutional FOO,” adding that this is mainly due to the Bitcoin Ogs-their long-term holders-who were thrown “in Wall Street” and “unloading their sites” since the fans were launched in the Bitcoin exchange in January 2024.

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This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.