Bitcoin
Currently travels to a channel descending a persistent downward structure that started on May 22, when it reached a summit of $ 112,000. After reaching this level, the price dropped by around 10% to around $ 100,000.
He then made a summit less than $ 110,000 on June 10, followed by a correction of around 10%, which makes him slightly less than $ 100,000 during the reactions of the market linked to the American-Iranian conflict.
As of June 30, Bitcoin reached around $ 109,000 before retreating by around 3%, but has since returned to almost $ 108,000. Recent hollows seem to become less deep.
During the last drop, there was a CME’s term difference around $ 106,000, which was “filled” while Bitcoin fell to around $ 105,000. A CME gap occurs when the Exchange Mercantile Chicago ends for the weekend or the day of the night and the Bitcoin prices move considerably during this period, leaving a price range on the CME table where no exchange took place, which often tends to revisit to “fill” the gap.
According to Glassnod data, Bitcoin declines remain relatively shallow and the price is still negotiated above its price made by one month, which represents the average price that investors paid in the last 30 days.
In the past 24 hours, investors have an average cost base of $ 105,600, while the one -week group is at $ 106,300. These cohorts of short -term holders are still in profit, which supports the momentum of the market, although the continuation of profits can make more difficult for Bitcoin to reach new heights of all time.
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