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Tuesday, June 24, 2025

Bitcoin Coulf Pike at $ 120,000, here are 4 book factors

Several analysts have shown in a widespread manner at $ 120,000 as Bitcoin

BTC$ 105,496.25

Price objective this year. Recent developments have strengthened this upward affair, the four -key factors recorder: cash prices, central bank policy, energy market trend and technical configuration.

Let’s take a look at those of Deetail.

BTC’s love story with $ 100,000

Recently, a Crypto trader said that the best marketing for any active is its prize, highlighting an idea similar to the theory of reflexive merchant George Soros. Soros explained that perceptions and market prices create a feedback loop – high prices attract more buyers, which in turn stimulates high prices, often far beyond what the fundamentals suggest.

In this convert, Bitcoin resilience, marked by prices largely holding more than $ 100,000 thanks to the Iran-Visrael conflict and the American air strike on Iran, is its strong application.

Constance indicates Undoushtth, which EL holders who reach new buyers, potentially feeding the next Highher with a price leg. In addition, brief drops below $ 100,000 views in the last 48 hours have seen investors intervene with offers, revealing “Buy the Dip Mentality”.

“We see outings of expression, so it is like people, with regard to retail trade or institutions, buy the decline. Generally, where it is war and other IPS factors that disrupt things on a global scale, there is a tendency to be heavy short -term drops, which bounces later according to research and sitting.

Meanwhile, data accelerated by Glassnode show that weak hands began to sell on June 10, while buyers of convictions used the hunt for good deals.

Since June 10, BTC investors have classified as Loss Selers have increased by 29% (from $ 74,000 to $ 95.6,000), showing a growing meter on low hands. The feeling does not collapse.

Trump seems to have found his doooves

The softening of liquidity, represented by Fed rate cuts and other measures, is generally very bodily for stocks and cryptocurrencies. Some Fed officials warm up at the idea of ​​a potential rate drop in July, which contradicts President Jerome Powell>

“Trump seems to have found his doves,” wrote Forexlive and editor of currency management, Adam Button after Ferer reserves the government, Michelle Bowman, a Faucon, said that the central bank reduced the prices in July.

The hawks are those who prefer tight monetary policy and high rates to temper the inner field. Colombes are policies preferring lower rates to support growth.

Bowman said the impact of prices on the inner field can take longer and that it is smaller than initially expected, adding that it will support the decrease in the interest rate next month, assuming that inflation pressors remain contained.

Fed Gooverneur Christopher Waller Vocal A similar opinion, promoting a rate drop in July.

“Now, it is perhaps just a coincides that two former hawks who are also the Republicans are suddenly moving, but it is starting to look like a takeover of the Fed. And if Thre is one thing [President Donald] Trump consenting throughout his career (and it could only be A Unique) is that he likes low interest rates, “wrote Button.

The testimony of the semi -annual monetary policy of President Powell at the American Chongress is due to be held on Tuesday. Powell is likely to redo the independence of the Fed and> the oil shift

Never before, the crowd was so wrong on crude oil. On Sunday, consensus was that military use strikes the potential closure of Iran and Tehran of the Hormuz Wold Sand Prix Strait.

But on Monday, oil prices on both sides of the Atlantic crashed. The slide is good news for central banks fearing the effects of the second order of the prices of oil seen at the end of last week, and those who expect rate drops.

Second order effects generally include increased transport, transportation expectations, high prices for goods depending on producer derived from oil and potential wages, the entire league to an operating increase in inflation.

So much for the fear of the effects of the second order of petroleum that central proclaimment banks. The strategist at Wellington Atlus, said on X.

Haussier technical configuration

Momntum indicators – Key mobile averages – are again aligned optimistic.

The simple 100 -day mobile average (SMA) has just crossed the 200 -day SMA, weeks after SMAS of 50 to 200 days produced a Haussier golden crossing.

The result is that the three largely formed averages are stacked one above the others in an increased momntum formation with a classic rise. A similar configuration was brought in November from last year and remained inserted throughout the rally from $ 70,000 to $ 100,000.

Bitcoin’s Daily Chart. (TradingView / Coindsk)

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