At the time of writing Bitcoin
It is around the level of $ 118,000, flirting with the idea of establishing a new maximum of all time this weekend.
On Friday, Bloomberg’s senior analyst Eric Balchunas, said in X that Blackrock’s Spot Bitcoin ETF (Ibit) He had reached an important milestone at the end of the negotiation the previous day, becoming the fastest ETF to reach $ 80 billion in assets under administration (AUM). The second ETF faster to reach this level was the ETF S&P 500 Vaguard (VOO)That came there in 1,814 days.
On Friday, Bitcoin established a new historical maximum of $ 118,667.
During interviews with CNBC and Yahoo Finance, Bitwise Asset Management CIO said his company expects the BTC price to reach more than $ 200,000 for the end of this year.
As for how could reach Alto Bitcoin, the coverage funds manager James Lavish says that Bitcoin’s price is similar to the roof of the US debt in which, ultimately, there is no limit.
Technical analysis
- Bitcoin showed a consolidation pattern during a period of 23 hours from July 11 from 11:00 to July 12 from 10:00, operating within an integral range of $ 1,633.46 that represents 1% of the peak of $ 118,226.29 to the canal of $ 116,592.83, according to the technical analysis model of Coindesk Research.
- The most significant price movements occurred during the initial hours, particularly around 1:00 p.m. and 3:00 p.m. on July 11, when the volume elevated above the average of 24 hours of 7,291 accompanied pronounced intradic swings, forming key support about $ 116,726.00 and resistance around $ 118,226.00.
- After this early turbulence, BTC demonstrated exceptional stability with a decreasing volume, mainly consolidating between $ 117,400.00- $ 117,900.00, before exhibiting a renewed fortress in the final hours with a recovery towards $ 118,025.00, which suggests that the potential uprising is developed for the subsequent commercial session.
- Throughout the last 60 minutes of July 12, 09:57 to 10:56, Bitcoin found an increased volatility with a remarkable downward movement of $ 118,121.16 to a minimum of $ 117,835.74 at 10:14, followed by a strong rebound that established the $ 118,000.00- $ 118,070.00 Range as a new area of consolidation.
- The period showed a classical dynamic of support and resistance, with volume peaks of 392.48 and 382.49 during 10: 12-10: 14 Selloff confirming institutional participation, while subsequent recovery above $ 118,035.00 on the decreasing volume suggests an underlying and potential force for a continuous continuous moment.
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