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What is Bitcoin doing?
As of July 6, Bitcoin is trading around US $108,800, maintaining a slight increase from US $108,200 the previous day.
A recent study by Coin World suggests that July 4 tends to register movements driven by technical rebalancing rather than external news.
It also highlights that an old inactive wallet transferred 40,000 $BTC (~US $4.35 billion), which caught institutional attention and generated spot volatility.
Analysts consider a neutral-positive scenario: support at US $105,000, with potential up to US $115,000 according to technical analysis and market sentiment (Greed: 67%).
However, drastic decline risks are also mentioned in unlikely scenarios, with up to 80% correction.
As of July 6, Bitcoin is trading around US $108,800, maintaining a slight increase from US $108,200 the previous day.
A recent study by Coin World suggests that July 4 tends to register movements driven by technical rebalancing rather than external news.
It also highlights that an old inactive wallet transferred 40,000 $BTC (~US $4.35 billion), which caught institutional attention and generated spot volatility.
Analysts consider a neutral-positive scenario: support at US $105,000, with potential up to US $115,000 according to technical analysis and market sentiment (Greed: 67%).
However, drastic decline risks are also mentioned in unlikely scenarios, with up to 80% correction.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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