Several analysts have repeatedly reported $ 120,000 as Bitcoin
Price objective this year. Recent developments have strengthened this optimistic affair, driven by four key factors: cash prices, central bank policy, energy market trend and technical configuration.
Let’s take a look at these in detail.
BTC’s love story with $ 100,000
Recently, a Crypto trader said that the best marketing for any active is its price, highlighting an idea similar to the theory of reflexivity of the legendary merchant George Soros. SOROS explained that market perceptions and prices create a feedback loop – higher prices attract more buyers, which increases prices, often far beyond what fundamentals suggest.
In this context, Bitcoin resilience, marked by prices largely with more than $ 100,000 thanks to the Iran-Israel conflict and the American air exit on Iran, is its strongest attraction.
Constance indicates an underlying force, which could reassure the holders while attracting new buyers, potentially feeding the next step in higher prices. In addition, brief drops below $ 100,000 views in the last 48 hours have seen investors intervene with offers, revealing “Buy the Dip Mentality”.
“We see exchanges outings, it is therefore likely that people, regardless of retail or institutions, buy the decline. Generally, with regard to war and other external factors that disrupt things on a global scale, there is a tendency to be heavy short-term drops, which later rebound according to the gravity and the situation of the situation. In an email on Monday.
Meanwhile, the data followed by Glassnode show that weak hands began to sell on June 10, while the conviction buyers used the hunt for good deals.
“Since June 10, BTC investors have been classified as losses have increased by 29% (from $ 74,000 to $ 95.6,000), showing increasing pressure on low hands. But buyers of convictions have also increased, which suggests that feeling does not collapse. Some reduce losses – others are actively lowering their cost base,” X.
Trump seems to have found his doves
The softening of liquidity, represented by Fed rate reductions and other measures, generally augurs many actions and cryptocurrencies. Some Fed officials warm up at the idea of a drop in potential rate in July, which contradicts the dependent position of President Jerome Powell.
“Trump seems to have found his doves,” wrote Forexlive and editor -in -chief on Monday, said the central bank should reduce rates in July.
The hawks are those who prefer stricter monetary policy and higher rates to temper inflation. Colombes are political decision -makers preferring lower rates to support growth.
Bowman said that the impact of inflation prices can take longer and may be smaller than initially expected, adding that it would support the drop in the interest rate next month, assuming that inflation pressures remain contained.
The governor of the Fed, Christopher Waller, expressed a similar opinion on Friday, promoting a rate drop in July.
“Now, it is perhaps just a coincidence that two former hawks who are also republicans are suddenly doves, but it is starting to look like the Fed control. And if there is one thing [President Donald] Trump was consistent throughout his career (and it could only be A Unique) is that he likes low interest rates, “wrote Button.
Tuesday, the testimony of the half -yearly monetary policy of President Powell at the US Congress is due to be held on Tuesday. Powell is likely to repeat the independence of the Fed and the position dependent on data while being potentially grilled by the Republicans to maintain high rates.
Sliding
Never before, the crowd was so wrong on crude oil. On Sunday, the consensus was that the American soldiers strike on Iran and the potential closure of Tehran of the Hormuz Strait would send the prices of oil to the sky.
But on Monday, oil prices on both sides of the Atlantic crashed. The slide is good news for central banks fearing the effects of the second order of the prices of oil seen at the end of last week, and those who expect rate drops.
Second order effects generally include an increase in transportation expenses, higher prices for goods depending on products derived from oil and potential wages, which leads to an overall increase in inflation.
“So much for the fear of the effects of the second order of petroleum that central bankers proclaim. Brut oil fell by 6.5% during the day and 15.41% in annual shift … It is deflation,” said James E. Thorne, chief market strategist at Wellington Atlus, on X.
Haussier technical configuration
Momentum indicators – Key mobile averages – are again aligned in an optimistic way.
The 100 -day simple mobile average (SMA) has just crossed the 200 -day SMA, weeks after SMAS of 50 and 200 days produced a Haussier golden crossover.
The result is that the three largely traced averages are stacked one above the others in a classic bullish Momentum formation in search up. A similar configuration emerged in November from last year and remained intact throughout the rally from $ 70,000 to $ 100,000.
