Wall Street's war god declared: Bitcoin aims for $95,000! Three engines ignited, will July's market take off?
Brothers, today the cryptocurrency circle was blown up by a piece of news! Wall Street's top guru, James Wynn, the ace analyst from Mizuho Securities (known as the 'Prophet Emperor', who predicted the $60,000 bull market back then), just dropped a heavy bomb: he predicts Bitcoin will surpass $93,000 in July, and $95,000 might just be a starting point!$BTC
This guy is not an ordinary person; many traders in the institutional circle are trained by him, and his words carry weight! When he speaks, the entire market cannot sit still:
Giants are really putting their money where their mouth is: I heard BlackRock pumped $240 million overnight!
The wind has changed: The continuous outflow from Grayscale's GBTC has finally stopped, and there are big players (whales) aggressively buying the dip.
The market suddenly became agitated: Bitcoin's price soared by 5%, and those who shorted (bet on a decline) were instantly wiped out for $320 million! The scene was quite exciting.
Why does this big shot dare to shout out a sky-high price of $95,000? What has he seen that ordinary people cannot?
The tycoon pondered for a moment, and the confidence of the big shots may come from the simultaneous ignition of these three 'super engines':
Engine One: The Federal Reserve may have to 'back down'!
The latest June CPI data (looking at inflation) has directly 'halved'! Even top investment banks like Goldman Sachs are hinting that a rate cut in September is basically a certainty! Think about it; once interest rates drop, cheap money will flood into assets like Bitcoin, right? If that happens, reaching $95,000 doesn't seem like a difficult task!
Engine Two: The technical aspect has formed a 'take-off' pattern!
The Bitcoin weekly chart has recently drawn a very beautiful 'golden cross' signal (simply understood as the short-term upward momentum completely outweighing the long-term trend):
The key EMA30 line has strongly crossed above the EMA90 line!
The RSI indicator that measures strength is firmly standing above 60 (strong zone).
Looking at the momentum's MACD histogram, it is also continuously increasing (the longer the red bars, the stronger the upward momentum).
Most importantly! The previous resistance of $72,000 for Bitcoin has already been broken! Technical analysts see the next target directly aiming for $85,000! The situation is looking very good.
Engine Three: Large institutions are frantically buying!
Not just BlackRock; look at Fidelity and Ark, these big names are all crazily buying Bitcoin ETFs! Just in June, these ETFs had net inflows exceeding $4.7 billion! This bunch of 'smart money' on Wall Street isn't playing around; they are throwing real money in, clearly expecting a big market ahead!
The tycoon said a few words: The technical aspect looks good, big funds are rushing in, plus the possibility of a shift in Federal Reserve policy; these 'three fires' igniting together make the market truly worth looking forward to! At such a time, if you still hesitate to get on board, aren't you just watching the opportunity slip away? Of course, we need to have our own judgment.
So the question arises:
Can James Wynn's target of $95,000 really be achieved? We'll know by July!
Are these giants at BlackRock buying crazily because they're genuinely optimistic, or... ? We need to keep an eye on that.
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