Bitcoin-Kurs: Aufwärtstrend voraus, laut ARK Invest
The study highlights historically low volatility , miner momentum, and regulatory challenges as factors contributing to an expected significant price movement.
Ark Invest Bitcoin Price Analysis In Light Of Key Factors Bitcoin ‘s quiet 90-day volatility , reminiscent of 2017 levels, has caught ARK’s attention. This long period of stability could be a harbinger of potential turmoil, prompting speculation of a significant price move. However, the direction of this move remains uncertain, causing concern among investors.
On the other hand, miner capitulation is a contrasting but positive signal. A drop in hash rate could indicate oversupply, which could result in a potential price reversal. Additionally, an increase in “vibrance”, indicating less selling pressure as more holders retain their coins, adds to the positive sentiment. Liveliness fell below 60% in July, suggesting the strongest long-term holding behavior since the fourth quarter of 2020.
The near-term P/L ratio, which was around 1 at the end of July, is in line with historical trend reversals and adds to the overall positive sentiment. Puell notes that this breakeven level has historically correlated with local lows in primary bull markets and local highs in bear market environments.
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Macro factors also play an important role in Bitcoin history. The Federal Reserve’s sizeable rate hike could have implications for Bitcoin’s performance and the economy in general. If CPI inflation slows, Bitcoin’s appeal as a non-inflationary asset could increase.
The study sheds light on how Binance’s ongoing case with the SEC could potentially disrupt the cryptocurrency market. The importance of BNB as an indicator of the stability of the cryptocurrency industry is underscored by the fact that Binance facilitates significant liquidity in cryptocurrencies, including Bitcoin. If the SEC and DOJ charges gain traction, BNB’s collapse could come through a “bank run.”
David Puell’s comprehensive analysis weaves bullish signals with lurking uncertainties. While indicators are pointing to a potential upside, regulatory concerns and macroeconomic forces are highlighting the complexity of Bitcoin’s journey.
Alexander Zdravkov
Reporter at CoinsPress German
Alexander Zdravkov interessiert sich leidenschaftlich für Bedeutungsfragen. Er ist seit mehr als drei Jahren im Kryptobereich tätig und hat ein Auge dafür, aufkommende Trends in der Welt der digitalen Währungen aufzuspüren. Ob er nun tiefgreifende Analysen liefert oder tagesaktuell über alle Themen berichtet, sein tiefes Verständnis und seine Begeisterung für das, was er tut, macht ihn zu einer wertvollen Ergänzung für das CoinsPress-Team.
