Bitcoin May Reclaim 20,000

[MongiIG]

Jul 14, 2022 | DailyFX
Thomas Westwater, Analyst

BITCOIN, BTC/USD, INFLATION, JOBS REPORT, CHINA, TECHNICAL OUTLOOK TALKING POINTS

• A red-hot US inflation report dragged on market sentiment overnight
• Australian jobs report on tap as AUD/USD struggles to rebound
• BTC/USD bulls probe the psychologically important 20,000 level

BTC/USD TECHNICAL OUTLOOK

BTC/USD is trading higher after falling for three days. Prices found support around the June/July lows, but bulls haven’t been able to clear the psychologically important 20,000 level. The 26-day Exponential Moving Average (EMA) that limited an early-July rally may shift into focus if prices break higher.

BTC/USD DAILY CHART

Chart created with TradingView

[GeraldBraun12]

I think the value of bitcoin will definitely go up and may be even higher than the historical maximum. 

[MongiIG]

7 minutes ago, GeraldBraun12 said:

I think the value of bitcoin will definitely go up and may be even higher than the historical maximum. 

Hi @GeraldBraun12

Thanks for sharing.

Bitcoin (BTC) is more likely to fall to USD 10,000 than it is to rise to USD 30,000, the majority of respondents in a new survey by Bloomberg Markets Live believe.

According to the survey, 60% of respondents said they believe bitcoin will fall to USD 10,000 before any significant rise in price is likely. 40% saw it the other way, claiming that a rise to USD 30,000 is the most likely next move for the number one crypto.

Why Wall Street expects Bitcoin price to drop to $10,000

Bloomberg MLIV Survey results

What value are predicting that is higher than the historical maximum ? Thanks

 

All the best - MongiIG