empty
26.06.2023 09:13 AM
Technical Analysis of BTC/USD for June 26, 2023

Crypto Industry News:

While the traditional financial sector is starting to get more involved with digital assets, many in the industry seem to be saying that "the future of banking is Bitcoin and cryptocurrencies." There are a number of different opinions about what would happen if current trends remained unchanged.

Cameron Winklevoss, co-founder of Gemini, for example, announced the launch of a "great Bitcoin accumulation" between retail investors and financial institutions. He suggested that due to the growing interest from companies, there could be a fierce competition for the acquisition of a top asset between these two classes of investors. He compared buying Bitcoins before ETFs went public to acquiring shares in a company before its initial public offering. He added that the "locks" to buy BTC are closing fast.

Bitcoin investor Anthony Pompliano expressed his belief that there could be a tug of war between Wall Street and smaller investors. He stressed that retail investors could refuse to sell Wall Street, which would make Bitcoin "highly illiquid" for a period of time.

Pompliano noted that "we have institutions and individuals trying to get their share of the finite pool of 21 million Bitcoins. The retail investor has a lead of 15 years and has accumulated all the bitcoins mined and put into circulation, but 68% of them have not been touched in a year."

It predicts that an increase in demand will cause a price change. "Bitcoin went from 0 to nearly $1 trillion in market capitalization with almost zero institutional involvement," he says.

Bitcoin expert Dylan LeClair predicts that its price is "extremely inelastic." However, it adds that no ETF applications will be approved by the SEC until early 2024.

Despite the obstacles, the financial industry is rather optimistic about the future of cryptocurrencies. Many experts believe that the growing interest of institutions will make Bitcoin gain even more value and reputation. Even if the SEC does not approve any ETF application until 2024, enthusiasts are convinced that it is only a matter of time.

Technical Market Outlook:

The BTC/USD pair has been seen consolidating the recent gains all weekend long after the 25% rally from the last low hit the level of $30,777. The intraday technical support is seen at the level of $29,556 and the intraday technical resistance is located at $30,328. Moreover, the bulls had broken above the technical resistance located at $28,446 and now this level will work as the technical support. The market conditions are still extremely overbought on the H4 time frame chart and on a Daily time frame chart, so the pull-back might happen soon. The next target for bulls is still seen at the level of $32,350.

This image is no longer relevant

Weekly Pivot Points:

WR3 - $31,378

WR2 - $30,802

WR1 - $30,511

Weekly Pivot - $30,226

WS1 - $29,935

WS2 - $29,650

WS3 - $29,074

Trading Outlook:

The bulls broken above the gamechanging level located at $25,442, so now the mid-term outlook for BTC is bullish. The last pull-back has reached the 38% Fibonacci retracement and the market is ready to continue the up move. The next target for bulls is seen at the level of $32,350. As long as the level of 19,572 is not clearly violated, there is a chance for a long-term up trend to continue.

Summary
Urgency
Analytic
Sebastian Seliga
Start trade
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

推荐文章

7月18日加密貨幣市場交易建議

比特幣今天重回至 121,000 美元的水準,但未能維持在該位上方。以太坊突破了 3,600 美元的關卡。

Miroslaw Bawulski 08:42 2025-07-18 UTC+2

Solana 有潛力在 2025 年 7 月 18 日星期五繼續其反彈至下一個阻力位。

Solana – 2025年7月18日,星期五。 由於EMA (50) 和 EMA (200) 之間形成黃金交叉,加上RSI (14) 處於中立偏多區域,今天有繼續上漲的潛力。

Arief Makmur 07:02 2025-07-18 UTC+2

2025年7月18日的比特幣預測

昨天,比特幣在日線燭台上以長下影線測試了117,730的支撐位,並在綠色價格通道的內線上方收盤。 這表明出現了看跌疲弱的跡象,並暗示價格在經過一個大幅波動的週期後,有意圖恢復上升趨勢。

Laurie Bailey 04:46 2025-07-18 UTC+2

7月17日加密貨幣市場交易建議

比特幣昨日多次嘗試突破120,000的水平,但未能成功。另一方面,以太坊順利完成了其任務,輕鬆從3,100跳升至3,300,目前正在該價位交易。

Miroslaw Bawulski 09:05 2025-07-17 UTC+2

一些做市商固定利潤

同時, 隨著比特幣回升至119,000美元水平,加密貨幣市場的一些主要參與者迅速在最近的 大幅價格波動 後鎖定獲利。 由Cathie Wood領導的投資公司Ark Invest在週二出售了34,207股Coinbase股票,總額約為1330萬美元。

Jakub Novak 13:22 2025-07-16 UTC+2

7月16日加密貨幣市場交易建議

昨天,比特幣經歷了小幅的調整,但總體上仍然維持在117,000美元以上,顯示出其看漲前景依然穩健——只是需要一個催化劑。以太坊重新攀升至3,000美元以上,並保持強勁的增長潛力。

Miroslaw Bawulski 09:51 2025-07-16 UTC+2

比特幣陷入困境

比特幣的買家似乎有些困惑,因為目前市場上主導的 FOMO(害怕錯過)情緒可能會對那些試圖搭上「末班車」的人產生反效果,而事實上,這趟末班車已經掉頭,可能很快就回到 $112,000–$115,000 的範圍。 同時,當大家密切關注比特幣的走勢和最新的美國通脹數據時,渣打銀行宣布成為第一家提供BTC和ETH現貨交易的全球銀行。

Jakub Novak 15:34 2025-07-15 UTC+2

加密貨幣週

在比特幣和以太坊正在進行修正且進展頗佳的同時,美國的立法者和加密貨幣倡導者正準備迎接對於數位資產立法至關重要的一周。本周可能以穩定幣法案於週五落入總統特朗普的桌上作結。

Jakub Novak 11:19 2025-07-15 UTC+2

7月15日加密貨幣市場交易建議

比特幣從歷史高點的 $123,000 下跌,目前價格為 $117,000,這反而增加了它的吸引力。以太坊也已經跌至3000美元以下,之前剛嘗試突破3200美元。

Miroslaw Bawulski 09:31 2025-07-15 UTC+2

比特幣市值超越Amazon

比特幣已達到新的歷史高點,接近 $122,000,市值超越 Amazon。此事件無疑是在加密貨幣和傳統金融史上的一個具里程碑意義的時刻。

Jakub Novak 10:52 2025-07-14 UTC+2
现在无法通话?
提出您的问题,用 在线帮助.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.