Bitcoin The price started the new week with an increase and approached $64,000, but it encountered resistance there.
Analysts say investors are looking for an uptrend in November usa election He stated that he expects the results to be announced on Thursday. CPI He also emphasizes that data is important.
at this point BRN analyst Valentin Fournier, Stating that the rise over the weekend was due to lower than expected US unemployment figures, he argued that Bitcoin could soon test the $ 68,000 level.
Stating that US CPI and PPI data may be an upward catalyst, Fournier stated that he expects resistance between $ 65,000 and $ 67,000, but Bitcoin will also exceed this resistance.
“The lower-than-expected unemployment rate fueled Bitcoin’s weekend rally and created new momentum with higher lows.
Bitcoin may soon test the upper limit of the uptrend at $68,000. While strong resistance is expected between $65,000 and $67,000, we believe Bitcoin will eventually break through.
“It may be too early to see the effects of rate cuts in these figures, but any sign of US inflation returning towards 2% is likely to have a positive impact on the Bitcoin price and the market.”
Investors are waiting for the US Elections!
Jon Reader, chief investment officer of crypto lending protocol Ledn, also explained his views on Bitcoin.
Stating that there is no clear direction in the prices because investors are waiting for the November elections, Reader said that the election result BTC and said that it would have a positive impact on crypto prices.
“Although the general consensus is that a Republican victory will support Bitcoin and cryptocurrency prices more than a Democratic victory, both parties are making positive statements towards cryptocurrencies. So, in my view, the upward trend will continue regardless of the outcome.”
Jon Reader is not the only one saying that cryptocurrency markets will be positively affected by the results regardless of who wins in November. Because Geoffrey Kendrick, head of global digital assets research at Standard Chartered, has been saying for weeks that Bitcoin and the crypto market will be positively affected and rise, regardless of who wins.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/bitcoin-64-bin-dolardan-ret-yedi-peki-simdi-ne-olacak-analistler-btc-icin-riskli-seviyeleri-acikladi-beklentilerini-paylasti/
