Bitcoin and Crypto Closing Out Lame Quarter and One Analyst Believes More Pain Could Be in Store
Submitted by Anonymous (not verified) on Fri, 06/28/2024 - 19:10The price of bitcoin has dipped about 15% during the second quarter.
The price of bitcoin has dipped about 15% during the second quarter.
The bullish forecast comes ahead of key U.S. data that is likely to influence Fed rate cut expectations.
Our favorite strategy is to buy Bitcoin Spot, Sell 100,000 strike call, and Sell 50,000 strike put for the December 2024 expiry, 10x research said
Rapidly expanding stablecoin supply shows that "fiat money is being moved into crypto at an accelerated pace," 10x Research's Markus Thielen said.<
Bitcoin ETF inflows on Monday and Tuesday will be the "real test" for what's next for the largest crypto asset's price, Markus Thielen wrote.
Bitcoin's uptrend is supported by strong trading volumes, a bullish sign for continuation, a FalconX report said.
Massive inflows into spot bitcoin ETFs made headlines recently, but there are other metrics that showcase U.S.
Bitcoin targets $48,000 in the short term fueled by a strong historic track record around the Chinese New Year, 10X Research's Markus Thielen said.
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