Suyay
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Movements of the day of $BTC
According to Yahoo Finance, Bitcoin (BTC) closed on July 7 at USD 108,299.85 and today opened around USD 108,820.36, with a daily high of USD 109,094.17 and a low of USD 107,586.63.
A recent analysis by BeinCrypto highlights a notable increase in the Coin Days Destroyed (CDD) indicator, related to BTC that has been inactive since 2011: this is the second largest historical activation, which could anticipate significant sales.
Finally, Changelly's forecast estimates a close at USD 108,263, with potential to rise up to USD 139,460 by July 9.
Key points:
Daily range: USD 107,586–109,094.
CDD at very high levels → possible selling pressure.
Optimistic forecast for the short term.
According to Yahoo Finance, Bitcoin (BTC) closed on July 7 at USD 108,299.85 and today opened around USD 108,820.36, with a daily high of USD 109,094.17 and a low of USD 107,586.63.
A recent analysis by BeinCrypto highlights a notable increase in the Coin Days Destroyed (CDD) indicator, related to BTC that has been inactive since 2011: this is the second largest historical activation, which could anticipate significant sales.
Finally, Changelly's forecast estimates a close at USD 108,263, with potential to rise up to USD 139,460 by July 9.
Key points:
Daily range: USD 107,586–109,094.
CDD at very high levels → possible selling pressure.
Optimistic forecast for the short term.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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