When writing bitcoin
Plane around the level of $ 118,000, flirting with the idea of fixing a new summit of all time this weekend.
Friday, Eric Balchunas, Bloomberg Senior ETF analyst, noted on x that BlackRock’s Spot Bitcoin Etf (Ibit) had taken an important step at the end of the negotiation the day before, becoming the fastest ETF to reach $ 80 billion in management under management (AUM). The fastest second ETF to reach this level was the S&P 500 ETF of Vanguard (Voo)which arrived in 1814 days.
Friday, Bitcoin set a new summit of all time of $ 118,667.
During interviews with CNBC and Yahoo Finance, the Bitwise asset management IOC said that its business expects the BTC price to reach more than $ 200,000 by the end of this year.
As for the height of the Bitcoin, the healing fund manager James Lavish says that the Bitcoin price is similar to the American debt ceiling in that there is no limit.
Technical analysis
- Bitcoin posted a consolidation model throughout the period from 11 p.m. from July 11 to July 11 to 12, 10:00 a.m., operating in a full range of $ 1,633.46 representing 1% compared to the summit of $ 118,226.29 to the technical analysis model of $ 116,592.83.
- The largest price movements occurred during the first hours, in particular around 1:00 p.m. and 3:00 p.m. on July 11, when a high volume above average 24 hours a day, 7,291 accompanied pronounced intra-day oscillations, forming a key support almost $ 116,726.00 and resistance to around $ 118,226.00.
- After this early turbulence, the BTC demonstrated exceptional stability with a decrease in volume, consolidating mainly between $ 117,400.00 and $ 117,900.00, before showing a renewed force in the last hours with a recovery to $ 118,025.00, which suggests a possible potential optimistic impulse for the previous negotiation session.
- Throughout the last 60 minutes of July 12, 09:57 at 10:56 am, Bitcoin encountered increased volatility with a significant drop of $ 118,181.16 to a lower $ 117,835.74 at 10:14 am, followed by a new consolidation area of $ 118,000.
- The displayed period of the classic support and resistance dynamics, with volume tips of 392.48 and 382.49 during institutional participation confirming 10: 12-10: 14, while subsequent recovery greater than $ 118,035.00 on a decreasing volume suggests a force and a potential for a continuous higher moment.
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