The main cryptocurrencies of the market suffered losses of up to 8.5% in the week, while Bitcoin (BTC) drilled U $ s104,000 this Fridayaccording to the quotes of Binance
In this context, BTC operated with a decrease of 0.8% and quoted in u $ s103,549, while the Ethereum (eth) lost 3.6% to U $ 2,421.
Thus, in the last seven days Bitcoin accumulates a decrease of 1.8%, while ETH records a 4.9%decrease Faced with the values last Friday. For its part, Dogecoin (Doge) recorded the worst performance of the week, by scoring a 8.5%decline.
In recent weeks, the price of Bitcoin ranged between the optimism of the bulls and the skepticism of the bears, moving within a range defined by US $ 103. 500 YU $ S109,000highlighted a goodbit report. This behavior was marked by “Two main forces: the escalation of the conflict between Israel and Iran and the recent decision of the Fed to maintain unchanged interest rates”he added.
The American Central Bank, at its June 18 meeting, reiterated a cautious posture against inflationary pressures that remain raised, citing tariffs as an upward risk. We remember that, the extension of the import rates of the European Union expires on July 9, and so far only an agreement was completed with one of the almost 195 potential partners.
“These factors generate a climate of uncertainty that, on the one hand, fos They pointed from goodbit.
Bitcoin: They expect an upcoming upward movement
The price of Bitcoin reached levels close to historical maximums at US $110,800 last June 9. Meanwhile, analysts indicate that the decrease in open interest and “liquidation exhaustion” suggest that the BTC price is ready for the next movement.
The price of Bitcoin remained within a range on Thursday below US $ 105,000, according to data from Cointegraph Markets Pro and TradingView.
“Bitcoin is returning to a bullish trend, which is a great sign”Said the founder of MN Capital, Michael Van de Poppe, in a post of June 20 in X.
As Cointegraph reported, it is expected that EThe BTC price comes out of its narrow range between US $ 103,000 YU $ S109,000 this month in a movement that would lead to the price discovery.
Although several analysts believe that Bitcoin will exceed US $120,000 this winter, the chances of this happening before July are only 16%, according to Polymarket data.
Source: Ambito
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