Bitcoin
A persistent bearish structure is currently moving within the down channel, which began on May 22 when it reached $112,000. After reaching this level, the price fell by about 10% to around $100,000.
It then lowered its high price of $110,000 at the height of June 10, followed by a correction of about 10%, which was slightly below $100,000 when it reacted with The Market United States-Iran conflict.
Bitcoin reached around $109,000 as of June 30, and then returned about 3%, but has since recovered nearly $108,000. The recent decline seems to be getting shallower.
Among the latest dip sauce, there is one CME Futures Gap About $106,000, and this has been “filled” as Bitcoin drops to around $105,000. When the Chicago businessman exchange ends on weekends or overnights, and during this period, the price of Bitcoin changes greatly, and the market usually revisits the gap when it is not traded on the CME chart.
according to Glass Festival dataBitcoin’s pullback is still relatively shallow and the price is still above its 1-month realization price, which represents the average price paid in the past 30 days.
Over the past 24 hours, the average cost base for investors was $105,600, compared with the week-long group of $106,300. These short-term holders’ accomplices are still making profits, which supports market momentum, although continuing Make a profit It may be more challenging to reach new all-time highs in Bitcoin.
Read more: Bitcoin CME Futures Advanced Slide Showing Institutions’ Appetites Falling
