Economist and Trader Alex Krüger, Bitcoin $109,325.32He said he was a candidate to rise in the near future. Krüger announced that Bitcoin expects to reach $ 120,000 in June. According to Krüger, the main reason for this rise expectation is that the bankrupt crypto currency exchange FTX will make a distribution of approximately $ 5 billion to its creditors.
Effect of FTX creditors
According to Krüger’s assessment, FTX’s funds in the liquidation process are thought to return to the markets to a great extent. In particular, the fact that the assets owned by large creditors turn to the crypto market may trigger a upward movement in Bitcoin. It is stated that this development can positively change the general atmosphere of the market.
Alex Krüger: “I expect FTX’s distribution of approximately $ 5 billion to be the rise catalyst for Bitcoin with re -entry into the market.”
However, Krüger adds that the current rise prediction may face some risks at the beginning of July. In particular, uncertainties in the US import taxes and possible customs duties disagreements may cause concern in the markets.
Contact Comments on the Market
Despite Krüger’s optimistic views, Justin Bennett, one of the leading analysis of the market, focuses on a short -term drop in Bitcoin. Bennett assesses that Bitcoin has difficulty exceeding the $ 110,000 band, an important resistance, and therefore the price can go below $ 100,000.
Justin Bennett: “There is no change in my BTC analysis, just starts to break.
In Bennett’s view, technical indicators indicate that Bitcoin can try lower levels. For this reason, Bitcoin may have difficulty in reaching new summits.
Bitcoin’s price is $ 107,435 at the time of the article. This figure is slightly behind a record level of $ 112,000 at the beginning of the week.
Experts’ evaluations offer various scenarios to investors. While some analysts expect the price to increase with the positive effect of large fund movements, some names point out that technical obstacles and macroeconomic risks can create price pressure.
Macroeconomic developments and large -scale fund movements on the sector may play a decisive role on the course of Bitcoin. Experts point out the importance of investors to take into account market dynamics and possible risks while making their decisions. It is recommended that the economic steps of the US government be closely monitored with the impact of the high amount of funds in the crypto market, which is planned to be distributed. While the market fluctuates the expectations of rise and correction, investors are prepared to be prepared for rapid changes.
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.
