After which it retreated to 102K, now it is trading above 105K again.
The third attempt since early May to consolidate above 105K has not succeeded.
The external background is neutral, S&P 500 is slightly down.
But the yields on 10-year bonds have gone down, and the dollar index too. This is good for all markets, especially for crypto.
And I already talked about a critically important moment for all markets - the Fed, without announcing anything to anyone, is already generating money and buying bonds.
This means everything is going according to plan. The money generation I mentioned since the beginning of the year is inevitable, as is the growth of the markets.
The fact that the Fed is doing this before lowering the rate indicates a dire necessity for such steps.
From the news:
- Strategy again bought 7,390 BTC for ~$764.9 million at a price of ~$103,498.
And now they have 576,230 BTC worth ~$40.18 billion at a price of ~$69,726 per BTC.
However, some investors have filed a class action lawsuit against Saylor.
For the fact that the actions and statements of the company lead to financial risks and mislead.
In my opinion, those who can be misled by statements should not have money at all).
Although I think they are not just some fools, but a team that specializes in lawsuits against anyone they can squeeze money from. This is a common phenomenon in the American legal system.
The markets are not reacting to this lawsuit.
- CEO of JPMorgan Dimon (the same one who in 2017 claimed that Bitcoin is a fraud, promised to fire employees who bought it, and said that JPMorgan does not allow its clients to buy Bitcoin to protect them from risks, now stated that they will allow buying Bitcoin, but will not store crypto.)
When they started saving clients from risks, Bitcoin was worth around 1K. Now it’s over 100K.
If they saved, then they saved. Clients should feel special gratitude towards them).
Bitcoin is again near the resistance area at 105-106K. If it consolidates - a move towards ATH.
In case of a rebound - further movement in the range of 100000-105000.
The first option is more likely.
I remind you of the forecast for May, which was given at the beginning of the month.
Updating Bitcoin's ATH.
Ether above 3K.
Solana above 200.
This forecast is still valid.
"TAKEN FROM THE MAIN CRYPTO CHANNEL"
