Bitcoin $89,294.82It is difficult to stabilize over $ 95,000 by declining below $ 95,000. While the crypto currency market is experiencing intense fluctuations in recent days, investors closely follow the price movements before the crypto currency summit to be held in the USA. Global economic developments and technical indicators offer clues to the future course of Bitcoin.
US Dollar Index and Bitcoin Price
Experts say that the weakening of the US Dollar Index may have a positive effect on Bitcoin. According to James Coutts, one of the real Vision analysts, the dollar index depreciates between 2 %and 2.5 %in certain periods.
The weakening of the dollar may cause investors to turn to alternative assets. Although Bitcoin is not seen as a safe port in traditional markets, it attracts the attention of investors in the face of inflationary pressures. In this context, the weakening of the dollar may increase the demand for Bitcoin.
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Technical analysts say Bitcoin tested certain levels of support. Investor Jelle emphasizes that the recovery of the $ 91,200 level can support the upward movement. According to the analyzes, technical indicators indicate that Bitcoin can reach $ 140,000 in the long term.
Wallet Increases and Technical Indicators
Blockchain Analysis Platform Santimement reported that more than 50,000 new Bitcoin wallets have been opened in the last month. The increasing interest of small investors gives significant clues about the long -term expectations of the market. The fact that small investors continue to accumulate Bitcoin usually has a positive impact on the price.
According to technical analysis, Bitcoin gives signals of recovery at certain price levels. The fluctuations in the market seem to be directly linked to macroeconomic developments and investor psychology. Financial analyst Julien Bittel says that financial conditions play a decisive role on risk assets and that existing conditions can support Bitcoin.
Market experts emphasize that investors should follow technical indicators carefully. Both global economic data and in -chain analyzes can be decisive in determining the direction of Bitcoin price. Investors should consider the long -term perspective when evaluating price movements.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
