The QCP Capital drew attention to the fact that the shares of American companies have grown, and Bitcoin remained within the same limits, without showing a clear new price landmark. Without a convincing narrative to launch the next stage of growth, the market will demonstrate signs of fatigue, experts believe:
“Against the backdrop of uncertainty regarding monetary policy, a noticeable slowdown in market activity is observed. Investors took a waiting position. ”
Experts drew attention to a decrease in open interest in unlimited bitcoin contracts, so that the influx of capital in spot bitcoin-ETF He began to decrease. Over the past week, the main beneficiary of growth has become ether. The investors sent $ 295.4 million to the crypto funds based on it. At the same time, $ 56 million was withdrawn from the Bitcoin.
Now Bitcoin continues to balance on the threshold of key levels, and investors have to adjust trading strategies under changing conditions of volatility, analysts summed up.
Earlier, Bitfinex experts said that if the US Federal Reserve (Fed) will weaken a monetary policy and reduce the interest rate, then the bitcoin exchange rate in July may exceed $ 120,000 – 125,000.
Source: Bits
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