August has always been a favorable month for the start of Bitco-BTC during emerging market courses; This year is no exception, because its price has recorded its highest level above $ 123,000 above this month, violating the majority of expectations.
Now, it seems that the price of bitcoin goes through a wave of continuous decrease, especially after the process of conversion of big balance sheets of the currency, which was led by addresses linked to BlackRock.
In the past 24 hours, BlackRock has transferred more than 10,584 Bitcoin currencies to a value of more than $ 1.19 billion – according to its $ 112,000 price – at La Coinbase; This step seems to have raised concerns about investors, especially since it is the first predecessor for similar events for a long time.
In addition, more than 60,000 Ethereum-Eth can be transferred and may have been sold via the Québis platform, and you can find out more about Ethereum de Ethereum prices here.
Correction of the path: Bitcoin Price expectations (Bitcoin)
The price of Bitcoin is currently witnessing a slight decrease, as it decreased to its main level of support of $ 112,000, from which it was launched, recording its new highest levels of all time (ATH).
Since its last launch, the price continues to decrease after its unprecedented level of record, which is a logical question, and the relative power index (RSI) currently indicates at 32.93, in reference to the adoption of money with a more sales wave, which suggests that the market participants can exert pessimism and make the imminent consequences of the effect.
For its part, the MacD index shows a negative momentum due to the continuous trend line by moving away from its counterpart for reference, which suggests that the sales wave will not end yet, but if the price of the Bitcoin cohese part of the highest level of support and has started to increase, we can witness the reflection of the path.
Although Bitcoin can break his support and stability pivots for a while, we can be at the threshold of a completely different scenario if BlackRock and other companies continue to sell.
What awaits Bitcoin in September?
It seems that next September will be an important month for Bitcoin and for various markets, there is a possibility of 81% that the Federal Reserve reduces interest rates by 0.25% at its scheduled meeting on 15 and 16 months next.
September has long been a difficult month for Bitcoin, and one of the lowest months of the year for the American stock markets; In the past 35 years, the rate of decrease in the standard and the poor (S&P 500) has reached a percentage of around 1% during the latter.
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There are only 7 days left to catch up with the best players in the Min in September for the month of September
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Can Bitcoin-BTC Bitcoin-BTC prices expectations: Can Blackrock and the Federal Reserve interest in interest rates to break the level of critical support? APPLERDIRST on Arab Cryptonews.
