At the time of writing bitcoin
is walking around $ 118,000 levels, interacting with the idea of setting a new all-time high over the weekend.
On Friday, Bloomberg Senior Etf Analyst Eric Balchunas mentioned To x that is the area of blackrock that bitcoin etf (Go) has reached an important milestone at the end of the trading the previous day, which has become the fastest ETF to gain $ 80 billion in possessions under management (Aum). The second fastest ETF to get to this level is Vanguard’s S&P 500 ETF (Flight)That got there in 1,814 days.
On Friday, Bitcoin set a new all-time high of $ 118,667.
During the interviews at CNBC and Finance of YahooE, Bitwise Asset Management CIO said his firm expects BTC prices to reach more than $ 200,000 by the end of this year.
As how tall can go to Bitcoin, hedge fund manager James Lavish Says That the price of bitcoin is like a US debt ceiling eventually unlimited.
Technical analysis
- Bitcoin presented a pattern of combining the entire 23-hour time from 11 July 11:00 to 12 July 10:00, which operates within a comprehensive range of $ 1,633.46 representing 1% from the peak of $ 118,226.29 in the trough trough of $ 116,592.83, according
- The most significant price movement occurred in the early hours, especially around 13:00 and 15:00 on July 11, when the raised volume above the 24 -hour average of 7,291 combined with pronounced intraday swings, forming a major support near $ 116,726.00 and resistance around $ 118,226.00.
- Following this early disturbance, the BTC showed exceptional stability with a reduction in volume, integration between $ 117,400.00- $ 117,900.00, before showing the revised strength at the last time with recovery towards $ 118,025.00, suggesting potential bullish moments developing for the subsequent trade session.
- Throughout the last 60 minutes from 12 July 09:57 to 10:56, Bitcoin encountered a higher volatility with a well-known downward motion from $ 118,121.16 to a low $ 117,835.74 at 10:14, followed by a strong rebound that established a $ 118,000.00- $ 118,070.00 range as a new consolidation zone.
- The weather showed classic support and resistance dynamics, with a volume of spikes of 392.48 and 382.49 during 10: 12-10: 14 sellers confirming institutional participation, while the subsequent recovery above $ 118,035.00 in reducing volume suggests the grounded strength and potential for a rising upward momentum.
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