Bitcoin 
$111,190.80 On 10 July, he saw his new summit at $ 112,000; The optimism that the US Federal Reserve could go to interest rate reduction during the year increased the risk appetite in global markets, and the leading crypto currency became the most share of this expectation. The day in question, with the focus of investors on the FED policy, Bitcoin’s market domination climbed to 65 %and approached the critical resistance threshold tested in 2020. Analysts, 107,000 – 135,000 dollars can come to the fore in the next period, while price fluctuations will be closely related to the FED decision calendar emphasizes.
Fed Interest Discount Expectations Increases Bitcoin demand
Economic indicators signaled that the Fed could enter the loosening cycle, while investors turned to the crypto money market with a higher return. The expectation of increased liquidity has sharply raised the demand for Bitcoin; Thus, the new money entry supported the record level test. According to experts, the interest rate reduction can pave the way for “more bold” positions in portfolios by accelerating the outputs from the bond.
In this environment, where macroeconomic speculation is intensified, the price move, which reached $ 112,000, strengthened investor psychology. If the Fed step is delayed, temporary profit realization may be seen; However, in the medium term, loose monetary policy is expected to reinforce Bitcoin’s perception of “digital gold”. Coingape analysts summarizes the expectation by saying, Bit Bitcoin is likely to force new thresholds as the interest rate reduction is spoken. ”
Bitcoin domination is getting stronger again by approaching the 2020 resistance
The climbing of market domination to a 65 %limit shows that the interest in alternative crypto money is declining. Investors are expanding a position in Bitcoin, where they count the “safe port ında in increasing uncertainty; This led to the re -testing of the threshold of dominance, a powerful barrier in 2020.
The increase in dominance in question indicates that price movements can be consolidated while strengthening the rise trend. Some analysts report that short breathing is natural after new summits, but the support level is strengthened around $ 107,000. The resistance of $ 135,000 continues to remain on the agenda as a psychological target.
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.
