Monat: Juni 2020

After the new weekly bearish candlestick, traders fear BTC will fall to USD 7,000

A new weekly Bitcoin candlestick (BTC) opened at USD 9,327 on June 15, below a crucial resistance level of USD 9,400. Traders say that the price of Bitcoin could fall to USD 7,000 in the near future.

The critical short-term support levels are considered to be $9,200 and $9,000. If the Bitcoin price falls at both levels and stays at $8,000, some traders expect Bitcoin to fall to $6,000.

Just hours after the weekly sail opened, the price of Bitcoin fell to USD 8,892 on BitMEX for the first time in two weeks.

Paxful, Bitcoin’s P2P platform integrates with the large OKEx cryptosystem exchange

USD 6,000 to 7,000: where traders see Bitcoin going
In the coming months, traders anticipate that the price of Bitcoin will fall to the following levels: USD 7,700, 7,300, 7,100, 6,400 and 6,000.

All of the above price points are of historical importance. The level of USD 6,400, for example, is where Bitcoin bottomed out after a 40% drop in December 2019 to rise to over USD 10,000 in the next six weeks.

Crypto-investor Scott Melker said that if Bitcoin fails to hold the USD 9,270, he is likely to see a decline in the near future:

„That time divergence was enough for a little bounce, but this big upward wedge seems to be breaking up on a daily basis. If the $9,270 mark is not maintained, we are likely to see a decline.

In the short and medium term, crypto-currency trader Satoshi Flipper noted that the USD 9,000 to 9,200 support range is crucial to maintaining Bitcoin’s momentum. If Bitcoin stays below USD 9,000 and 9,200, the trader said that a deep downward trend can be expected.

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Bitcoin price at a crucial point that may decide months of downtrend

The price of Bitcoin is at a crucial point that can decide months of downward trend. Source: Satoshi Flipper

Over the past month, the volume of spot trading in the Bitcoin market has remained relatively stagnant, while futures trading activity has skyrocketed. The worrying trend in daily BTC volume could reduce the resistance of the main cryptomoney to a possible sale.

Bitcoin spot volume trend since mid-May

Attention to the rising sales levels of the miners
According to data from BTC.com, the adjustment of the difficulty of Bitcoin mining is expected to occur in about 30 hours.

Initially, it was estimated that the difficulties of mining Bitcoin increased by about 12%. Now, the difficulty is about to be corrected by more than 14%.

BTC futures volume is at a low level in 2020, although ETH’s interests are soaring

The mining difficulty of Bitcoin is set to increase by 14.4%

In simple terms, it will become 14% more difficult for miners to mine Bitcoin overnight, which will lead to increased BTC mining costs every day, which may result in higher levels of sales by miners.

As Bitcoin investor Willy Woo said earlier, miners are one of two unparalleled sources of selling pressure in the Bitcoin market:

„There are only two unparalleled selling pressures in the marketplace. (1) Miners who dilute the supply and sell in the market, this is the hidden tax through monetary inflation. And (2) the exchanges that tax traders and sell in the market.“

If Bitcoin falls below USD 9,000, additional selling pressure from the miners may increase the likelihood of a short-term correction.

Da aktiemarkedet løber tør for damp, risikerer Bitcoin at se større ulemper?

Ingen kan lide at tro, at Bitcoin og kryptomarkedet er relateret til det globale aktiemarked, men virkeligheden ser ud til at være anderledes. Da pandemien var i fuld styrke omkring marts, faldt hele det globale aktiemarked, og Bitcoin var ikke anderledes.

Den sammenhæng mellem det globale aktiemarked og Bitcoin var tilsyneladende

Siden da er tingene afkølet markant, og korrelationen var en smule skurrende. Bitcoin formåede at komme sig fuldt ud og endda ramte $ 10.000 igen, mens S&P 500 ikke gjorde det. Desværre, når ny frygt for en anden bølge-pandemi er genopstået, kommer Bitcoin Loophole korrelation til aktiemarkedet tilbage.

Alene i den sidste uge har Bitcoin praktisk taget efterlignet handlingen fra S&P 500 med en vis forsinkelse. Den 15. juni var der et markant opspring takket være Federal Reserve, der kom med mere stimulans til at hjælpe økonomien. Den Fed købe individuelle virksomhedsobligationer burde egentlig ikke påvirke Bitcoin overhovedet, i virkeligheden, bør COVID-19 eller enhver krise for den sags skyld ikke har noget at gøre med cryptocurrencies.

Det er svært at foreslå Bitcoin som en sikker havn, når dens pris falder 50% på 24 timer. Det er sandt, at det gendannede, men hvad nu hvis du har brug for dine lagre på kort sigt?

Vil Bitcoin fortsat blive påvirket af andre markeder?

Bitcoin var beregnet til at blive en global valuta, men mængden af ​​volatilitet og lav likviditet gør denne opgave næsten umulig. Det er ingen overraskelse, at Bitcoin er korreleret med aktiemarkedet og andre markeder. Mange investorer holder Bitcoin på kort sigt for at opnå hurtige gevinster, mange bruger det som et spekulativt aktiv, og når der er global økonomisk usikkerhed, ønsker folk at udbetale så hurtigt som muligt.

Reklame

Indtil Bitcoin drives af markedsproducenter og har meget mere likviditet, vil kortvarige eksplosive træk fortsat ske. Er grundlæggende målinger store til Bitcoin lige nu? Ja, men det forhindrer ikke en enkelt hval i at dumpe hans Bitcoins og gå ned i hele markedet. Forex markedet har ca. $ 5,1 billioner i volumen pr. Dag, et enormt antal sammenlignet med 70 milliarder dollars pr. Dag på hele kryptomarkedet.