At the end of June, BTC transitioned to a D1 summer range (tentatively 58,000-73,000). This marks the start of a long-term trend pull-back, which opens up the possibility of a deeper pull-back to the 50,000 zone (check BTC 2024-2025 outlook).
However, during the last weekend, we saw a significant long interest coming into the market from the bottom boundary of...
For the past year another bullish cycle was incepted in BTC. Once again, it started from the key support zone, which represents miners' breakeven price. The strong bullish market sentiment last year was supported by a risk-on environment in financial markets:
Supressed dollar sterngth, decreasing oil and gas prices
Increasing buybacks in the US corporate...
No-need to hurry to enter the market until current futures contract expiration date on the 30th of May (vertical orange line). Also summer is usually not the best period for breakouts due to holiday season.
Best-case:
BTC price breaks through 69650 intraday resistance level confirming continuation of a short-term trend which started on the 1st of may (short...
