The biggest crypto currency Bitcoin (BTC) $107,044.36 At the end of the weekend, after the sagging of the $ 100 thousand dollars again, it was over 106 thousand dollars. Analysts say that the price could react up to 110 thousand dollars due to the last decline in $ 97 thousand. 10x ResearchDespite the $ 63 billion capital, which entered the market in 2024, the largest crypto currency, which has only rising only 13 percent since the beginning of the year, has no longer reacted as hard as the previous cycles. Investors adapt to lower volatility and shift their capital to a small number of major crypto currencies. After the 50 -base surprise interest rate reduction in the last September, the Fed on the Macro Front has been fixed at 2.4 percent for three months, and unemployment is fixed at 4.2 per percent. While the markets are waiting for July 15 CPI data, the support of $ 97 thousand is closely monitored as the last possible footplace.
Lock Support and Resistance Levels in Bitcoin Chart
97 thousand dollars in the graph are defined as the “last entrance zone ve and the bottom zone that buyers can respond strongly is accepted. Although the psychological support position of 100 thousand dollars is preserved, it is now the status of “minor support”. If the price cannot be held on this threshold again, 97 thousand dollars can be tested. The range of 100 thousand –106 thousand dollars in which consolidation gained weight indicates that large -volume breaks may be limited until mid -July.
The $ 106 thousand level on the resistance side is the “healing zone” as the first recovery point seen after the weekend decline. Analyst Astronomerthe target will be 110 thousand dollars if the permanence is provided on this place. 110 thousand dollars stands out with the “rise target” label and stands out as the first major dam that the price can jump in case of protection of $ 97 thousand. Analysts are often reminded that the weekend bottoms are re -tested. Therefore, although fluctuations continue in the short term, the general tendency has returned to cautious optimism.
The effects of macro data and geopolitical developments continue to be felt
Spot in 2024 Bitcoin ETF‘s flowing to the billions of dollars in the price of the price of “more than money,” the style of positioning “shows the prominence. According to 10x Research, investors move away from the leverage as the volatility falls and shifts the capital to the main crypto currencies. This approach weakens the acceleration of rise in the short term.
FedThe increase in bond returns after last year’s surprise interest rate reduction reflected that the market questioned this decision. However, the balance of inflation at 2.4 percent and the unemployment rate does not change strengthens the “soft landing” scenario. On the geopolitical side, the Israeli-Iranian ceasefire supported the risk appetite, Bitcoin rose to 106 thousand dollars at the beginning of the week. Still July CPI data It is seen that investors remain cautious until they arrive.
The main aspect of the price will determine how to comply with this low volatility climate as well as macro data as well as macro data. ETF Stability in the flow, corporate balance sheets crypto currency Adding and stablecoin marketGrowth is followed as supportive factors in favor of the rise.
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.
