In this video I break down the latest Bitcoin price action and confirm whether the expected July rally is still on track. By using Elliott Wave theory, I analyze the current ABC structure to determine if we are seeing a corrective bounce or the early stages of a larger trend reversal. Video by More Crypto Online.
Visit Trading Platform >>
Bitcoin (BTC) is trading around $64,300 to $64,400 as of Friday morning Eastern Time, marking a strong 2.4% intraday gain and a 10% recovery from its sub-$58,000 lows earlier this month.
New to trading? Join iqoption for free educational materials, a risk-free demo account, and a low minimum deposit($20). Start your journey in the financial markets now!
Learn more >>
Bitcoin Insights Today
Easing Geopolitical Pressures: Market anxiety cooled after statements indicated the U.S. and Iran are seeking to de-escalate recent military tensions in the Middle East. This triggered a widespread return to risk assets.
Macro Policy & Weak Dollar: Following a weak U.S. jobs report and statements from Federal Reserve Chair Kevin Warsh, expectations for aggressive interest rate cuts have heightened. Bitcoin is increasingly trading as a "pure rates asset," capitalizing on a weaker U.S. dollar.
Global Tech and AI Sympathy Rally: Crypto is riding the tailwinds of a massive tech rally originating in Asia, where semiconductor demand surged—including a monumental $26.5 billion share sale by SK Hynix.
Institutional Support & CLARITY Act: Despite short-term net outflows from U.S. spot ETFs hitting $95 million on Thursday, underlying market sentiment remains buoyed by optimism surrounding the pending CLARITY Act.
Buy, sell, and store over 400 digital assets at one of Europe’s leading exchanges. Crypto trading and staking made simple!
Learn more >>
