Bitcoin (BTC) $109,290.39 price The film, which we have seen many times before, is experiencing a decline due to the repetition of the film. With the explanations that Iran could start a new attack, the risk of war rolled down the oil price and rolled crypto currencies down. However, analysts are very hopeful of the continuation of the rise. Now let’s look at what they say for the Altcoins.
Altcoins will rise
ETH price After a long time, it reached over $ 2,800 again. This movement, which gives hope for the Altcoins, is considered the first major signal of the bull expected in the summer months. Without the Iranian surprise, we could have discussed much different things today. But Quinten is still sure of the rise. The big rally, who looks at the market value graph, which holds the largest crypto currencies outside, says “Total3” begins.
“Total3 is prepared in a beautiful way to return to the highest level of all time.”
Jelle said he joined this estimate. Then, the name shared the ETH graph after the last peak attempt after the struggle on the Ether front of the struggle was not finished and the Altcoin rally for the approaches of $ 3,000 said.
Are crypto currencies at the top?
Historical data does not always tell the truth, but often is right. There are no signals that the BTC is at the top, returning from the summit. Despite fear, closing over 107 thousand dollars continues. Moreover, the lock indicator for the summit says Jelle, which draws attention to MVRV-Z, yet there is time.
“MVRV Z-Skoru has been a historically great indicator to understand when the cycle approaches the summit.
Currently, a signal is not even close to flashing; There is plenty of places for the rise of Bitcoin. “
Today, the US PPI data will come at 15:30 and the expectation is 2.6 %despite 2.4 %. If there is a surprise like yesterday, this pce would be promising and subcoins can pull up.
Kyle discussed the current situation and wrote;
“Macro is crazy, but to be honest… Everything begins to normalize.
Oil fell below $ 70 – new tension signals in the Middle East.
S&P 500 is expensive compared to all indicators of Bofa.
PPI inflation data will be announced today. The situation may be hot.
Customs tax revenues broke a record with $ 22.2 billion in May.
What about the treasure? Last week, he caught a record of $ 10 billion and made a reproduction. This market is not calm. Just chaos is accustomed to. “
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.
