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Bitcoin increased by 10% to $ 108,200 from $ 98,400 local minimum, which is based on key support.
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Bitcoin’s bull flag for a daily chart targets 54% of profits to $ 165,000.
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The exchange streams are at a ten -year low level, the signaling investors continue to hold for a long time.
Bitcoin (BTC) The price registered a weekly maximum of 108 200 USD 25. June after 10% increase from the local minimum to $ 98,400 three days before. BTC has now received key support regeneration, as prices continued to consolidate under a high range of $ 112,000.
Can it increase the price of bitcoins by more than 50%in the next few days?
Bitcoin “Bullfish Pennant” indicates $ 165,000
Bitcoin gathered by 52% between 8 April to 22 May to To achieve historically a maximum of $ 112,000. Since then the price of BTC has oscillated between historically high and $ 100,000. The latest recovery of six weeks of minimum under $ 100,000 suggests that the bulls aggressively defend this level.
“Bitcoin regenerated the area of key support,” said The popular crypto analyst Jelle in the post of June 25 on X and adds that the BTC is now back inside the flag in the daily chart.
Bull Planant is a continuation pattern that occurs after a significant increase, followed by a period of consolidation at the end of the price price.
“Break over $ 110,000 and it flies much higher.”
AND rare From the flag, it could potentially lead to another foot on bitcoins, measured at $ 165,200 or 54% from its current price level.
However, it is important note that the success rate of the bull flag is only about 54%, which makes it one of the least reliable patterns.
Related: Bitcoin price analysis now sees up to $ 111,000 liquidity
Merlijn trader, Bitcoin analyst, shared a similar bull outlook, forecast BTC price of $ 140,000 based on a reverse head and shoulder pattern.
“Break $ 112K and nothing prevents $ BTC from flying to $ 140,000.”
Other projections are even more ambitious and some analysts quote rising American debt and the tax cuts of President Donald Trump, the introduction BTC is the highest between $ 200,000 and $ 250,000.
Bitcoin exchange flows hit a ten -year minimum
Bitcoins can be traded significantly closer to their historians Maxim, with a profit over 96%, but the demand for BTC will dry out among the users of the stock exchange.
Data from Onchain Analytics platform Cryptoquant reveals the daily average volume of flows on stock exchanges that hit the ten -year minimum of June 25.
“The average flow volume (tide + drain) on centralized exchanges has decreased to 40,000 BTC daily – this is the lowest number in the last 10 years,” note Bitcoin researcher Axel Adler Jr., adding:
“A significant part of the BTC has left the platform, which is a sign of consolidation and lack of liquidity.”
Less tide may mean that investors are moving BTC Self -confidencereflecting trust in bitcoins as a long -term storage of value.
As cutelegraph reportedThe total BTC stock exchange balances are the lowest in seven years. The Bitcoin Balance on the Exchange has been 2.92 million BTC since June 25, last seen in June 2019, according to Glassnode data.
Reducing the bid on stock exchanges means that fewer bitcoins are easily available for trading, which potentially leads ka Lack of liquidity And higher prices in the long run.
This article does not contain investment counseling or recommendations. Every investment and business step includes a risk and readers should do their own research in decision -making.
