Retail Returns to The Party as Bitcoin Teases New Peak

Retail Returns to The Party as Bitcoin Teases New Peak

Table of Contents

With Bitcoin’s thickening over the past two days, Santiment reported on June 11.

Analysts in the company reported that there is more than twice the number of positivity Bitcoin Comments against negativity via social media, which is a sign of the increasing interest in retail.

She added that this is the highest percentage since US President Donald Trump has been elected for more than 7 months.

Green leaks into the markets

Also male Since the markets are moving in the opposite direction of retail sales expectations, “the nails in the discussion related to Bitcoin all all are higher solid signals, indicating greed.”

Meanwhile, the Bitcoin Fear and Greed index, which measures the morale of the market, is currently registering 71, which represents “greed”.

In the weekly series a reportGlassnode indicated that this course shows the behavior of the unusual investor compared to the previous bull markets. Long -term holder (those who carry Bitcoin For more than 155 days) she gets large profits, with an average of $ 930 million a day, however their total biases continue to increase instead of decline.

He pointed out that this creates a “unique duplication” where the achievement of profits occurs in addition to the continuous accumulation, as a larger number of currencies ripens in a long -term standing position than being sold.

Cryptoquant Note Whales do not show any intention to take profits at these levels and are likely to wait for higher prices, “as the high temperature in the market and the shape of the bubble, before making their movements.”

Meanwhile, US Treasury Secretary, Scott Pessant, warned on Wednesday that the failure to raise the US debt ceiling may lead to “the largest crisis since 2008”.

Swan analysts said, who Add:

“The theory of the game prefers the original with a fixed supply. This is Bitcoin.”

Bitcoin price expectations

Bitcoin topped 110,000 dollars On Tuesday and Wednesday of this week, it reached less than $ 2000 from its highest level ever on May 22, $ 111,814.

However, it fell slightly during the Asian trading session on Thursday morning, as it fell to less than 108,000 dollars at the time of this report.

Earlier this week, “Rekt Capital” analyst He said This bitcoin has succeeded in re -testing the reinstalization of 104,400 dollars with high resistance as new for four consecutive weeks.

He added: “Bitcoin returns to this new support base in an attempt to move to the discovery of prices again.”

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