Bitcoin: Preparing For Next Week

Institutional Crypto Research Written by Experts

Author

Markus Thielen
July 06, 2024

👇1-12) Our initial downside target of $55,000 has been reached. A countertrend rally is likely as Bitcoin appears oversold in the short term, and a potential macroeconomic tailwind is expected next week. Additionally, the SEC might approve the Ethereum ETF, which could trigger positive momentum in the short term. However, we do not believe this marks a significant buying opportunity in the medium term.

Bitcoin and US CPI (inflation) data releases

Subscribe to Premium Membership to read the rest.

Become a paying subscriber of Premium Membership to get access to this post and other subscriber-only content.

Already a paying subscriber? Sign In

A subscription gets you:
Receive concise, unrivalled informative crypto trading strategy reports (2-4x per week).
In just 10 paragraphs, unraveling the complexities and market structure of crypto and its dynamic landscape.
Insights into the intersection of crypto, regulations, macroeconomic trends, and policy shifts.
Apply to join subscriber ONLY Telegram Group. (Please read our Terms and Conditions and Disclaimer @ www.10xResearch.co))