The cryptocurrency market saw a rebound on Saturday after four days of intense declines. Bitcoin temporarily gained over 4.00%, reaching around $58,000. However, on Sunday, the bears regained control, erasing Saturday's gains. Today, in the first part of the day, we are seeing a deepening of the declines.
Currently, Bitcoin's price is almost 13% below the current realized price for short-term investors (addresses holding BTC for less than six months), signaling a certain level of capitulation. Additionally, on Friday, US ETFs recorded their first significant net inflows in several sessions, totaling $143 million, the highest net value in nearly a month.
From a technical analysis perspective, Bitcoin is not in the best formation. The continuation of declines after a brief consolidation around $57,000 may indicate weakness among buyers. The next nearest support level remains around $50,000-$52,000. The correction in Bitcoin since marking a double top has already exceeded 22%. Historically, in the post-halving period, declines have reached up to 30%, which would also suggest a potential range for the current move to levels around $50,000-$52,000.
Source: xStation 5
AI หนุนการฟื้นตัว หุ้นเทคฯ กลับมาแข็งแกร่ง
สรุปตลาดประจำวัน: สงครามชิปกดดัน Wall Street ขณะที่น้ำมันร่วงแรง หลังสหรัฐฯ–อิหร่านบรรลุข้อตกลงหยุดยิง ⭐
ข่าวเด่นวันนี้ 24 ก.ค.
Bitcoin พุ่งเหนือ 66,000 ดอลลาร์ หลังเงินทุนไหลเข้า ETF ฟื้นตัว แต่ Glassnode เตือนความผันผวนอาจเพิ่มขึ้น
