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The price of bitcoin fell less than 6 digits for the first time in a week. It sounds like a good chance to check in.
A few hours after the $ 98,000, BTC rebounded from Monday morning to $ 102,000. The assets were about $ 99,400 at 2:00 pm in the Eastern Standard Time.
The price fluctuates, we know. However, identifying the factors during play can be very useful for the newly developed investors to support this growing asset class better.
LEDN CIO’s John Glover acknowledged on Friday that President Donald Trump’s presidential order was sufficient to keep the BTC from being sold last week after achieving the highest in history of nearly $ 109,000. But he claimed that there were many market participants trying to make a profit. Alternatively, after winning the Trump election, I replaced BTCs with other assets with low performance.
Another factor to consider is a strong correlation between bitcoin and stock. Bitfinex’s analysts wrote that “one of the most reliable markets dynamics.”
They reached a 30 -day rolling pierson correlation between BTC, S & P 500, and Nasdaq.
Therefore, BitFinex analysts have a sharp decline in the “jitter” derived from China’s ability to produce inexpensive AI models through the startup DEEPSEEK after raising the Bank of Japan last week. I did.
Bitcoin options suggested that the volatility has decreased 13 % last week, suggesting that traders do not expect prices. “
Still, you have read a bullish signal here. The latest Crypto’s presidential ordinance and the end of SAB 121 are certain, but there are also continuous institutional investments for companies that buy Bitcoin ETFs and BTCs.
At these two points, US spot BTC products have almost reached a $ 40 billion milestone last week after spending only a year in the market.
MicroStrategy continues to purchase large -scale bitcoin purchases (a little scroll for details) and continue to purchase more companies (plans to buy $ 500 million, including CRITICAL METALS CORP.), and have similar acquisitions. Is executed.
BlockWorks’s David Canellis pointed out that it marks the 799th day of a bullish market, which can last about 1,000 days when history is repeated.
Although the correction is normal in the bullish market, the two major digital assets are observed by sophisticated market participants that are more sophisticated by the market through long -term investment and derivative strategies.
In short, new bidder executives, including the balance sheet of the government and corporate, are willing to buy dips without shaking. “
Glover stated on a Friday statement that he is still looking for BTC to trade for $ 126,000 in the next two months. It can be a short -term top as “people who are trying to confine the profits of fighting bulls who are late in the party.”
After the latest revision, he continued to Glover on Monday, he said his thoughts had not changed.
He said from various level governments (and central banks) about how Trump’s promises are implemented immediately (or central banks) and expect “many volatility” I said.
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