Bitcoin's price has recently dropped to around $62,500, and the growth in altcoins has slowed down. Nevertheless, experts express optimism about the potential increase in cryptocurrencies this month. This positive outlook is based on current data and various market forecasts pointing to a favorable trend for digital assets. Let's delve into the reasons why analysts are enthusiastic about July.

Почему аналитики ожидают роста?

Despite the failure of Bitcoin to surpass the $64,000 resistance level, many experts predict growth. Rekt Capital, a cryptocurrency analyst, indicates that Bitcoin's long-term upward trajectory lays the groundwork for a potential surge to approximately $71,500. This positive sentiment is shared by other analysts who recognize similar patterns and indicators signaling a bullish market.

Daan Crypto Trades emphasizes the impact of dollar liquidity trends on the cryptocurrency market. He points out the correlation between Bitcoin's price movements and USD liquidity, suggesting a potential liquidity increase in the upcoming quarter that could benefit Bitcoin and stocks.

Какие факторы влияют на прогнозы по Bitcoin?

Cole Garner, a notable cryptocurrency analyst, draws attention to the changes in the Federal Reserve's net liquidity. Garner suggests that the significant surge in the Fed's net liquidity over 15 months may indicate a substantial increase in Bitcoin's value, albeit with caution about expecting a recurrence of previous spikes.

Matthew Hyland, focusing on Bitcoin's weekly chart, highlights the tightening of Bollinger Bands to unprecedented levels in Bitcoin's history, signaling a probable major breakthrough. However, he warns about the potential impact of external factors like MTGOX sales and governmental interventions on investor sentiment.

Ключевые моменты для инвесторов

• Bitcoin's current price hovers around $62,500, with expectations of an increase.
• Dollar liquidity trends hold significant sway over cryptocurrency markets.
• The Federal Reserve's net liquidity changes serve as a crucial indicator.
• Narrowing Bollinger Bands suggest a potential major breakthrough for Bitcoin.
• External factors such as MTGOX sales and governmental actions may influence market sentiment.

Given these insights, investors should closely monitor liquidity trends and the Federal Reserve's policies. Understanding these dynamics can aid in making informed decisions regarding cryptocurrency investments.

As we approach July, the cryptocurrency market reflects a blend of cautious optimism and potential volatility. While historical trends hint at possible profits, unforeseeable external factors pose risks. Investors are advised to maintain vigilance and consider both technical indicators and broader economic circumstances in their investment strategies.

This post first appeared on BH NEWS: Experts Anticipate Crypto Surge in July