What's up, folks! 👋 Are you ready for the hot news from the crypto world? 🔥 Bitcoin is up to its tricks again and is skyrocketing, reaching $108,000 just before the end of June! 🥳 That's an 8.6% increase for the week and 2.3% for the month! Crazy!
This rebound has analysts excited, because it recovered from a low of $98,523 that had us on the edge of our seats! 😬 They say there might even be a 'bullish crossover in Global Liquidity', and that Bitcoin is about to go BOOM! 💥 Explode!
What's driving this thing? Well, it seems that the war rumors between Iran and Israel have calmed down a bit, giving the market a breather. Additionally, a key agreement is expected next week between the United States, the European Union, and China, and that could send Bitcoin and other cryptos ('altcoins') to the moon! 🚀
Last week, big investors, the institutional ones, showed off. Bitcoin ETFs received a flood of cash, more than $2.2 billion! 🤑 The BlackRock ETF, the IBIT, took the best part with $1.3 billion. In June, there are already almost $4.5 billion in net inflows! These people don't play around!
But, beware! Not everything is rosy. The famous Robert Kiyosaki, the one from 'Rich Dad Poor Dad', issued a warning: he says that Bitcoin is going to crash in July! 😱 So, stay on your toes! There is also uncertainty about whether Donald Trump will announce new tariffs on July 9, and let's not forget inflation and the devaluation of the dollar in the United States. The dollar is weaker than a mother-in-law's hug! 📉
On the technical side, Bitcoin has made a 'V' shaped rebound, but experts are seeing that the momentum is kind of 'tiring out'. 😴 The key levels to watch are:
$109,000: If Bitcoin breaks that resistance, hold on tight! We could see new all-time highs. 📈
$105,000: If it falls below this level, things get ugly and we could return to $100,000. 📉
The RSI (an indicator used by analysts) is at 49 points, which means that neither buyers nor sellers have total control. It's a tight game, like in a football match! ⚽
So, my people, keep a close eye on this Bitcoin rollercoaster! Is an explosion or a correction coming? Only time will tell! But one thing is for sure, the crypto world never gets boring! 😎$BTC $ETH $XRP