As I published on Twitter in the May 15 analysis, Bitcoin reached its own support and as we have been waiting for a pause in interest rates for months and entered it, I expect a temporary rise.
According to the dotplot report, there is concern that this stop will be temporary, so if the pause continues in the July meeting, it will automatically witness the entry of Fomo capital into the market.
The resistance of 32 bitcoins is very important. Considering that in the last 2 months, Bitcoin had a positive correlation with gold and lagged behind the stock indices, I expect that with the increase in risk-taking, we will see new funds entering the 40,000 channel temporarily.
And like in 2019, when Bitcoin made up for its lag with a 200% rise, we will witness the same thing this time.
According to the dotplot report, there is concern that this stop will be temporary, so if the pause continues in the July meeting, it will automatically witness the entry of Fomo capital into the market.
The resistance of 32 bitcoins is very important. Considering that in the last 2 months, Bitcoin had a positive correlation with gold and lagged behind the stock indices, I expect that with the increase in risk-taking, we will see new funds entering the 40,000 channel temporarily.
And like in 2019, when Bitcoin made up for its lag with a 200% rise, we will witness the same thing this time.