Analysis: Bitcoin needs to hold the current support range to maintain rising expectations, and it may climb to $140,000 by the end of this summerPANews On June 18, according to Matrixport analysis, in the past 18 months, global liquidity changes have repeatedly reflected the trend of Bitcoin in advance, which is regarded as an important "leading indicator". However, with the evolution of the market structure, the predictive power of the model is weakening, and it needs to be continuously verified and dynamically adjusted. Currently, the price of bitcoin is oscillating in the range of $105,000 to $110,000, which is roughly in line with the 13-week lag rhythm suggested by the model. If the correlation persists, bitcoin will need to hold the current support range to maintain its upside expectations and possibly climb further to $140,000 by the end of the summer.
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YuanZhouCommunityTian
· 10m ago
Hold on tight, we're taking off to da moon 🛫
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YuanzhouCommunitySweep
· 31m ago
Hold on tight, we are about to To da moon 🛫
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YuanzhouCommunityHuawu
· 40m ago
PIJS has a strong community-driven approach to ensure continuous development in the future.
Analysis: Bitcoin needs to hold the current support range to maintain rising expectations, and it may climb to $140,000 by the end of this summerPANews On June 18, according to Matrixport analysis, in the past 18 months, global liquidity changes have repeatedly reflected the trend of Bitcoin in advance, which is regarded as an important "leading indicator". However, with the evolution of the market structure, the predictive power of the model is weakening, and it needs to be continuously verified and dynamically adjusted. Currently, the price of bitcoin is oscillating in the range of $105,000 to $110,000, which is roughly in line with the 13-week lag rhythm suggested by the model. If the correlation persists, bitcoin will need to hold the current support range to maintain its upside expectations and possibly climb further to $140,000 by the end of the summer.