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BTC dropped from 126k to 64k, is the halving still not over?
Down 50% from all-time high, RSI at 43, 50-day moving average $71,880, 200-day moving average $76,630—BTC is still trading below all moving averages. In early June, ETF weekly outflows reached $3.4 billion, but in mid-month, net inflows resumed, though technicals remain weak.
The Federal Reserve may hike interest rates until the end of the year, increasing the opportunity cost of interest-free assets like BTC.
Glassnode says a bottom is forming, 21Shares predicts a $100k surge in Q3—who do you believe?
#BTC #Bitcoin