🔺The price of #البيتكوين remains stable between 100,000 and 110,000 US dollars, even after the selling wave promoted by the old currency holders. Glassnode data shows that coins held between 3 and 10 years moved over 2 billion US dollars, but the pressure was fully absorbed by new buyers, indicating market strength. According to analysts, July has historically been a positive month for Bitcoin, with an average increase of 7.56% since 2013. The correlation with the S&P 500 and the long consolidation phase (195 days) suggests that Bitcoin may be on the verge of starting a new appreciation phase, reaching between 140,000 and 160,000 US dollars in this cycle.
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