Bitcoin at low start. Returns above the minimum zone $ 32,800 — 33,000 on Friday formed a «bear trap» and now the bulls have all the cards in the hands of the upward pulse to the upper border of the consolidation of $ 30,000 — 40,000, stretching from May.
There is a little — to suppress the remaining resistance of $ 34,600 to avoid rollback to $ 33,000. It is possible that the latter still have to be due to the concerns of the exit of tomorrow’s statistics in consumer prices in the United States, which will affect the perception of the turning time of the FRC that it will predetermine the attitude of investors to risk in general, including in relation to cryptocurrency.
Judging by Forex, the chances of selling a dollar and as a result of buying Bitcoin high. The data will be released on Tuesday July 13 at 15:30. The bulls on the cryptocurrency market time is there. Before unlocking 16 240 BTC in the Bitcoin Trust, GRAYSCALE INVESTMENTS (GBTC) remains for another six days (July 18). Starting from this date, according to JPMorgan Chase, it is impossible to exclude exit from this tool of its large holders, which can become a catalyst for renewing downward dynamics from the prospect of reduction up to $ 20,000.
But the threat is rather from GBTC, but on the likelihood of a common risk escape under the influence of signals from the Fed. And those, judging by the folding macroityatistics, will appear only in August-September.
For the time being, the data is in favor to buyers. The so-called mobility indicator (Liveliness Ration), calculated by GlassNode, has recently demonstrates higher accumulation rates by holders compared with the speed of continuation of sales at loss of short-term players. Of the 140 thousand bitcoins received on the exchange from April to June, 28% have already returned back to cold wallets.
According to Santiment, at whale addresses from 10,000 — 100,000 BTC, a record 10.91% of the entire offer of first cryptocurrencies was accumulated, on wallets with balances over 100,000 BTC — maximum for 27 months 3.64% of emissions.
The STABLECOIN SUPPLY RATIO indicator continues to update the minimum, indicating the significant potential of the return of buyers. Most likely, most of them will continue to occupy expectant positions — by July 26, the SEC will present a report on the protection of investors on cryptocira, the current pressure on the BINANCE is good for this «warming up».
Even the Fed in the last statement of financial stability mentioned risks for individuals from investing in cryptocurrency. Although the short-term market is still due to the deployment of the growing pulse.
Block Research analysts also noted that in the second quarter of the current year, venture capital financing in projects related to cryptocurrent and blockchain,
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