dear fellow traders, the hourly chart suggest a top at the WMA200 at 23300. the daily chart is in the middle of a congestion zone well represented by the ichimoku cloud. we believe given the current geopolitical moment in east asia, we might see a test to the bottom of that cloud potentially in the region 21k5, 20k5 in the next few days. this idea is supported by...
There is a relation between BTC price levels and USDT + USDC combined marketcaps, i.e. the total quantity of the two largest stablecoins. Since the latter have been shrinking recently we expect a fall in BTCUSDT price to around 19k during the first week of August. Thank you!
it is our belief that USDT and lately USDC issuing contributed to the expansion of bitcoin price, in the same manner that M2 / fed balance sheet did contributed to SPX rise since long. henceforth, its currrent shrinking should cause BTC prices to fall alongside.