Bitcoin sneaked back above $69,000 on Monday’s early trading, but can $BTC break out, or is this just another wiggle inside the trading range bitcoin has been in for the last 12 weeks?
Liquidity
With all the sideways and slightly downwards chop and change in the $BTC price, it is probably difficult for most new retail investors to gather the fortitude to hold on to their position. That said, there are relatively few retail investors in the crypto market currently. Most are probably going to flood in at much higher prices, perhaps providing the liquidity for the professional traders to exit their positions.
Generally, things are still good for $BTC, even though the potential for higher for longer interest rates could be the Fed policy through the rest of this year. That said, liquidity is still entering the system through the back door, and China’s central government may be about to add more.
14 straight days of institutional inflows
On the institutional front, the US S
We współpracy z: https://cryptodaily.co.uk/2024/06/bitcoin-btc-back-above-69000-but-will-it-last
